Equities research analysts expect that Liberty Sirius XM Group (NASDAQ:LSXMA) will announce $1.40 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Liberty Sirius XM Group’s earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.39 billion. Liberty Sirius XM Group reported sales of $1.30 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, March 1st.
On average, analysts expect that Liberty Sirius XM Group 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 financial year, analysts forecast that the company will post 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 cover Liberty Sirius XM Group.
A number of brokerages recently weighed in on LSXMA. B. Riley restated a “buy” rating on shares of Liberty Sirius XM Group in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday. Citigroup upgraded 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 note on Monday, January 29th. Pivotal Research upped their price objective on Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Macquarie restated a “buy” rating and set a $52.00 price objective on shares of Liberty Sirius XM Group in a research note on Sunday, February 4th. Ten equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $53.40.
In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Liberty Sirius XM Group by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,545 shares of the technology company’s stock valued at $442,000 after purchasing an additional 720 shares during the period. Swiss National Bank increased its holdings in shares of Liberty Sirius XM Group by 0.4% in the fourth quarter. Swiss National Bank now owns 338,452 shares of the technology company’s stock valued at $13,423,000 after purchasing an additional 1,200 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Liberty Sirius XM Group by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 75,200 shares of the technology company’s stock valued at $3,164,000 after purchasing an additional 1,500 shares during the period. Toronto Dominion Bank grew its holdings in Liberty Sirius XM Group by 39.7% during the fourth quarter. Toronto Dominion Bank now owns 5,444 shares of the technology company’s stock worth $216,000 after acquiring an additional 1,548 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Liberty Sirius XM Group by 10.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,362 shares of the technology company’s stock worth $895,000 after acquiring an additional 2,094 shares during the period. 25.24% of the stock is currently owned by institutional investors and hedge funds.
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About Liberty Sirius XM Group
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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