Zacks: Analysts Anticipate The Liberty SiriusXM Group (NASDAQ:LSXMK) Will Post Earnings of $0.36 Per Share

Equities analysts forecast that The Liberty SiriusXM Group (NASDAQ:LSXMK) will announce earnings per share of $0.36 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for The Liberty SiriusXM Group’s earnings. The Liberty SiriusXM Group posted earnings per share of ($0.27) in the same quarter last year, which suggests a positive year-over-year growth rate of 233.3%. The company is expected to announce its next earnings results 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 financial year. For the next year, analysts expect that the business will report earnings of $3.03 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for The Liberty SiriusXM Group.

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

A number of analysts have recently issued reports on LSXMK shares. Zacks Investment Research downgraded The Liberty SiriusXM Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 4th. Morgan Stanley boosted their target price on The Liberty SiriusXM Group from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 20th.

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

Several institutional investors and hedge funds have recently bought and sold shares of LSXMK. Norges Bank purchased a new position in shares of The Liberty SiriusXM Group during the fourth quarter valued at approximately $96,196,000. JPMorgan Chase & Co. grew its stake in The Liberty SiriusXM Group by 15.4% in the first quarter. JPMorgan Chase & Co. now owns 10,878,827 shares of the technology company’s stock worth $479,866,000 after purchasing an additional 1,449,595 shares during the period. AREX Capital Management LP grew its stake in The Liberty SiriusXM Group by 826.8% in the fourth quarter. AREX Capital Management LP now owns 1,251,119 shares of the technology company’s stock worth $54,436,000 after purchasing an additional 1,116,119 shares during the period. Artisan Partners Limited Partnership purchased a new stake in The Liberty SiriusXM Group in the first quarter worth $38,797,000. Finally, River Road Asset Management LLC grew its stake in The Liberty SiriusXM Group by 37.4% in the first quarter. River Road Asset Management LLC now owns 2,869,597 shares of the technology company’s stock worth $126,578,000 after purchasing an additional 781,051 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: Monthly Dividend Stocks Can Provide Solid Income

Get a free copy of the Zacks research report on The Liberty SiriusXM Group (LSXMK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Liberty SiriusXM Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Liberty SiriusXM Group and related companies with MarketBeat.com's FREE daily email newsletter.