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

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

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate 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 stock’s 50-day moving average is $22.09 and its two-hundred day moving average is $25.81. The stock has a market cap of $6.88 billion and a PE ratio of 8.60. The Liberty SiriusXM Group has a 12 month low of $20.13 and a 12 month high of $31.69.

Analyst Ratings Changes

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

Insider Activity at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction dated 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 $170,266,178.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of the business’s stock in a transaction dated 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 $170,266,178.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman John C. Malone sold 139,065 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the transaction, the chairman now owns 2,401,365 shares of the company’s stock, valued at $165,646,157.70. The disclosure for this sale can be found here. Insiders sold a total of 282,072 shares of company stock valued at $17,749,275 over the last three months. 0.09% of the stock is owned by insiders.

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.