The Liberty SiriusXM Group (LSXMA) Set to Announce Quarterly Earnings on Wednesday

The Liberty SiriusXM Group (NASDAQ:LSXMA) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The business had revenue of $2.29 billion during the quarter. On average, analysts expect The Liberty SiriusXM Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Liberty SiriusXM Group Trading Up 1.5 %

Shares of LSXMA stock opened at $25.50 on Tuesday. The Liberty SiriusXM Group has a fifty-two week low of $22.01 and a fifty-two week high of $31.69. The business’s 50 day moving average price is $27.49 and its 200-day moving average price is $27.96.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LSXMA shares. Seaport Res Ptn upgraded 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 cut their price objective for the stock from $35.00 to $28.00 in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, The Liberty SiriusXM Group currently has a consensus rating of “Moderate Buy” and an average target price of $37.67.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 20,609 shares of the stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $29.94 per share, for a total transaction of $617,033.46. Following the completion of the purchase, the insider now owns 25,773,955 shares of the company’s stock, valued at $771,672,212.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 6,457,501 shares of company stock worth $179,148,132 in the last quarter. 12.47% of the stock is owned by company 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.