$0.50 EPS Expected for Liberty Sirius XM Group (LSXMA) This Quarter

Wall Street brokerages expect Liberty Sirius XM Group (NASDAQ:LSXMA) to report earnings per share of $0.50 for the current quarter, Zacks reports. Two analysts have provided estimates for Liberty Sirius XM Group’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.54. Liberty Sirius XM Group reported earnings per share of $0.35 in the same quarter last year, which suggests a positive year-over-year growth rate of 42.9%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, March 1st.

According to Zacks, analysts expect that Liberty Sirius XM Group will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.81. For the next year, analysts forecast that the business will post earnings of $2.13 per share, with EPS estimates ranging from $1.88 to $2.38. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Liberty Sirius XM Group.

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Liberty Sirius XM Group from a “buy” rating to a “hold” rating in a research note on Friday. Macquarie reissued a “buy” rating and issued a $52.00 price objective on shares of Liberty Sirius XM Group in a research report on Sunday, February 4th. Buckingham Research lifted their price objective on shares of Liberty Sirius XM Group from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays lifted their price objective on shares of Liberty Sirius XM Group from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Citigroup raised shares of Liberty Sirius XM Group from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Monday, January 29th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $53.80.

Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) opened at $41.34 on Tuesday. Liberty Sirius XM Group has a twelve month low of $35.75 and a twelve month high of $46.43. The company has a market cap of $13,742.81, a price-to-earnings ratio of 25.52, a P/E/G ratio of 0.79 and a beta of 2.41.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. increased its position in Liberty Sirius XM Group by 38.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 170,837 shares of the technology company’s stock worth $7,157,000 after purchasing an additional 47,372 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Liberty Sirius XM Group by 13.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,644 shares of the technology company’s stock worth $2,373,000 after purchasing an additional 6,514 shares in the last quarter. Sterling Capital Management LLC acquired a new position in Liberty Sirius XM Group during the 3rd quarter worth approximately $708,000. Achmea Investment Management B.V. acquired a new position in Liberty Sirius XM Group during the 3rd quarter worth approximately $252,000. Finally, State of Wisconsin Investment Board increased its position in Liberty Sirius XM Group by 5.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 83,121 shares of the technology company’s stock worth $3,483,000 after purchasing an additional 4,242 shares in the last quarter. Institutional investors and hedge funds own 25.24% of the company’s stock.

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Liberty Sirius XM Group 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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