Wall Street analysts forecast that Liberty Media Corporation (NASDAQ:LSXMA) will announce sales of $1.40 billion for the current quarter, according to Zacks. Two analysts have made estimates for Liberty Media’s earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.38 billion. Liberty Media reported sales of $1.30 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The company is scheduled to announce its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Liberty Media will report full-year sales of $1.40 billion for the current financial year, with estimates ranging from $5.41 billion to $5.51 billion. For the next year, analysts expect that the firm will report sales of $5.75 billion per share, with estimates ranging from $5.71 billion to $5.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Liberty Media.

Several brokerages recently commented on LSXMA. B. Riley reissued a “buy” rating on shares of Liberty Media in a research report on Wednesday, November 1st. Pivotal Research increased their price objective on shares of Liberty Media from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Bank of America increased their price objective on shares of Liberty Media from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Liberty Media presently has a consensus rating of “Buy” and a consensus price target of $50.80.

In other news, Chairman John C. Malone sold 153,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.31, for a total transaction of $5,708,430.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $36.52, for a total transaction of $66,685.52. Following the sale, the director now directly owns 823 shares in the company, valued at approximately $30,055.96. The disclosure for this sale can be found here. Insiders have sold a total of 210,669 shares of company stock worth $8,121,753 over the last three months.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in shares of Liberty Media by 28.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after purchasing an additional 650 shares during the period. US Bancorp DE lifted its stake in shares of Liberty Media by 25.5% in the 2nd quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after purchasing an additional 718 shares during the period. Toronto Dominion Bank lifted its stake in shares of Liberty Media by 243.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock worth $163,000 after purchasing an additional 2,763 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Liberty Media in the 2nd quarter worth approximately $195,000. Finally, BB&T Securities LLC bought a new position in shares of Liberty Media in the 2nd quarter worth approximately $207,000. 25.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liberty Media (NASDAQ:LSXMA) traded down $0.02 during trading on Friday, hitting $42.34. 308,510 shares of the company traded hands, compared to its average volume of 558,808. The company has a market cap of $14,233.38, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.01 and a beta of 2.16. Liberty Media has a 52 week low of $34.04 and a 52 week high of $46.43.

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Liberty Media Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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Earnings History and Estimates for Liberty Media (NASDAQ:LSXMA)

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