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

The Liberty SiriusXM Group (NASDAQ:LSXMA) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect The Liberty SiriusXM Group to post earnings of $0.53 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $2.29 billion for 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 %

The Liberty SiriusXM Group stock opened at $25.13 on Monday. The business’s 50 day simple moving average is $27.58 and its 200 day simple moving average is $27.95. The Liberty SiriusXM Group has a 12 month low of $22.01 and a 12 month high of $31.69.

Insider Buying and Selling at The Liberty SiriusXM Group

In related news, major shareholder Berkshire Hathaway Inc acquired 1,188,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $29.39 per share, with a total value of $34,915,320.00. Following the acquisition, the insider now owns 50,682,902 shares of the company’s stock, valued at approximately $1,489,570,489.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 6,457,501 shares of company stock valued at $179,148,132 in the last 90 days. 12.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LSXMA has been the topic of a number of recent research reports. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $28.00 in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, The Liberty SiriusXM Group currently has a consensus rating of “Moderate Buy” and an average price target of $37.67.

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.