Liberty Sirius XM Group Series A Expected to Earn FY2018 Earnings of $2.32 Per Share (LSXMA)

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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) – B. Riley decreased their FY2018 earnings per share (EPS) estimates for shares of Liberty Sirius XM Group Series A in a report released on Tuesday, September 4th. B. Riley analyst B. Crockett now anticipates that the technology company will post earnings per share of $2.32 for the year, down from their previous forecast of $2.34. B. Riley has a “Buy” rating and a $75.00 price objective on the stock.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion.

Several other research firms also recently commented on LSXMA. Zacks Investment Research downgraded Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. Pivotal Research downgraded Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Deutsche Bank raised their price objective on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Macquarie cut their price target on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, August 28th. Finally, Barclays downgraded Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $43.00 in a report on Tuesday, June 26th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $57.78.

LSXMA opened at $46.02 on Wednesday. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 14.29 and a beta of 1.90. Liberty Sirius XM Group Series A has a 52 week low of $38.61 and a 52 week high of $48.57.

In other news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Sirius XM Group Series A stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. The sale was disclosed in a filing with the SEC, which is available through this link.

A number of hedge funds have recently made changes to their positions in the stock. VNBTrust National Association grew its stake in Liberty Sirius XM Group Series A by 11.0% during the 2nd quarter. VNBTrust National Association now owns 11,345 shares of the technology company’s stock worth $511,000 after buying an additional 1,120 shares during the last quarter. Stevens Capital Management LP grew its stake in Liberty Sirius XM Group Series A by 9.1% during the 2nd quarter. Stevens Capital Management LP now owns 18,855 shares of the technology company’s stock worth $849,000 after buying an additional 1,575 shares during the last quarter. Natixis Advisors L.P. grew its stake in Liberty Sirius XM Group Series A by 4.2% during the 1st quarter. Natixis Advisors L.P. now owns 42,907 shares of the technology company’s stock worth $1,763,000 after buying an additional 1,740 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Liberty Sirius XM Group Series A by 5.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,408 shares of the technology company’s stock worth $1,685,000 after buying an additional 1,884 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Liberty Sirius XM Group Series A by 37.5% during the 2nd quarter. Toronto Dominion Bank now owns 8,702 shares of the technology company’s stock worth $391,000 after buying an additional 2,375 shares during the last quarter. Hedge funds and other institutional investors own 26.93% of the company’s stock.

Liberty Sirius XM Group Series A Company Profile

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Earnings History and Estimates for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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