Brokerages Anticipate The Liberty SiriusXM Group (NASDAQ:LSXMK) to Announce $0.36 EPS

Equities research analysts expect The Liberty SiriusXM Group (NASDAQ:LSXMK) to post earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for The Liberty SiriusXM Group’s earnings. The Liberty SiriusXM Group reported earnings of ($0.27) per share in the same quarter last year, which indicates a positive year over year growth rate of 233.3%. The firm is expected to announce its next earnings report on Monday, August 9th.

On average, analysts expect that The Liberty SiriusXM Group will report full-year earnings of $1.05 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $3.03 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow The Liberty SiriusXM Group.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its quarterly earnings results on Friday, May 7th. The technology company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.30). The firm had revenue of $2.06 billion for the quarter.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of The Liberty SiriusXM Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 4th. Morgan Stanley upped their price target on shares of The Liberty SiriusXM Group from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 20th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Freedman Financial Associates Inc. acquired a new position in The Liberty SiriusXM Group during the fourth quarter worth $26,000. Allred Capital Management LLC bought a new stake in The Liberty SiriusXM Group during the first quarter worth $26,000. Defined Wealth Management LLC bought a new stake in The Liberty SiriusXM Group during the fourth quarter worth $57,000. Vontobel Holding Ltd. bought a new stake in The Liberty SiriusXM Group during the fourth quarter worth $131,000. Finally, Signaturefd LLC raised its position in The Liberty SiriusXM Group by 6.3% during the first quarter. Signaturefd LLC now owns 4,167 shares of the technology company’s stock worth $184,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

The Liberty SiriusXM Group stock opened at $46.05 on Friday. The Liberty SiriusXM Group has a twelve month low of $31.54 and a twelve month high of $47.40. The firm has a 50 day moving average of $44.52.

The Liberty SiriusXM Group Company Profile

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

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