The Liberty SiriusXM Group (LSXMA) to Release Quarterly Earnings on Thursday

The Liberty SiriusXM Group (NASDAQ:LSXMA) is scheduled to announce its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. On average, analysts expect The Liberty SiriusXM Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

The Liberty SiriusXM Group Price Performance

Shares of LSXMA opened at $21.05 on Wednesday. The firm has a market cap of $6.88 billion and a P/E ratio of 8.60. The Liberty SiriusXM Group has a 1 year low of $20.13 and a 1 year high of $31.69. The company has a 50 day simple moving average of $22.09 and a two-hundred day simple moving average of $25.81.

Analyst Ratings Changes

LSXMA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a report on Monday, June 17th. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Evercore ISI reaffirmed an “in-line” rating and set a $27.00 price objective (down from $36.00) on shares of The Liberty SiriusXM Group in a report on Monday, June 24th. Finally, Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $28.00 in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the sale, the insider now directly owns 4,999,007 shares of the company’s stock, valued at approximately $170,266,178.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $68.98, for a total transaction of $9,592,703.70. Following the completion of the sale, the chairman now owns 2,401,365 shares of the company’s stock, valued at approximately $165,646,157.70. The disclosure for this sale can be found here. Insiders have sold 282,072 shares of company stock valued at $17,749,275 over the last ninety days. 0.09% of the stock is owned by insiders.

About The Liberty SiriusXM Group

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.