Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Expected to Announce Earnings of $0.55 Per Share

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Brokerages forecast that Liberty Sirius XM Group Series C (NASDAQ:LSXMK) will post $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Liberty Sirius XM Group Series C’s earnings, with estimates ranging from $0.54 to $0.55. Liberty Sirius XM Group Series C also reported earnings of $0.55 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Liberty Sirius XM Group Series C will report full year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.79. For the next year, analysts expect that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.18 to $2.47. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Liberty Sirius XM Group Series C.

Separately, Zacks Investment Research lowered Liberty Sirius XM Group Series C from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th.

Shares of LSXMK stock traded up $0.03 during mid-day trading on Tuesday, reaching $41.81. The stock had a trading volume of 590,492 shares, compared to its average volume of 470,410. The business’s fifty day moving average is $41.12 and its 200-day moving average is $39.55. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.92 and a beta of 1.19. Liberty Sirius XM Group Series C has a 1-year low of $34.84 and a 1-year high of $46.67.

Several hedge funds have recently made changes to their positions in LSXMK. Advisory Alpha LLC acquired a new stake in Liberty Sirius XM Group Series C during the first quarter worth about $31,000. Hexavest Inc. acquired a new stake in Liberty Sirius XM Group Series C during the second quarter worth about $37,000. Financial Gravity Wealth Inc. grew its holdings in Liberty Sirius XM Group Series C by 302.3% during the second quarter. Financial Gravity Wealth Inc. now owns 1,062 shares of the technology company’s stock worth $40,000 after acquiring an additional 798 shares during the period. TRUE Private Wealth Advisors acquired a new stake in Liberty Sirius XM Group Series C during the second quarter worth about $49,000. Finally, Icon Wealth Partners LLC acquired a new stake in Liberty Sirius XM Group Series C during the first quarter worth about $78,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Sirius XM Group Series C

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

See Also: Risk Tolerance

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