The Liberty SiriusXM Group (LSXMK) to Release Quarterly Earnings on Wednesday

The Liberty SiriusXM Group (NASDAQ:LSXMK) is set to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $2.29 billion for the quarter.

The Liberty SiriusXM Group Stock Down 5.8 %

Shares of The Liberty SiriusXM Group stock opened at $24.06 on Wednesday. The Liberty SiriusXM Group has a 12 month low of $22.24 and a 12 month high of $31.67. The stock’s fifty day simple moving average is $27.81 and its 200 day simple moving average is $27.95.

Insider Activity

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 234,194 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $28.77 per share, for a total transaction of $6,737,761.38. Following the completion of the acquisition, the insider now owns 48,733,666 shares of the company’s stock, valued at approximately $1,402,067,570.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 6,321,691 shares of company stock worth $176,608,626 in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

The Liberty SiriusXM Group Company Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.