The Liberty SiriusXM Group (LSXMK) Scheduled to Post Earnings on Wednesday

The Liberty SiriusXM Group (NASDAQ:LSXMK) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter.

The Liberty SiriusXM Group Stock Up 1.1 %

NASDAQ:LSXMK opened at $25.05 on Monday. The Liberty SiriusXM Group has a 1-year low of $22.24 and a 1-year high of $31.67. The company has a 50-day moving average of $27.51 and a 200 day moving average of $27.92.

Insider Activity at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 1,250,000 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were bought at an average cost of $27.76 per share, for a total transaction of $34,700,000.00. Following the completion of the purchase, the insider now directly owns 66,736,288 shares of the company’s stock, valued at $1,852,599,354.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 6,457,501 shares of company stock worth $179,148,132. 12.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LSXMK has been the subject of several research reports. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

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.