Analysts Anticipate Liberty Sirius XM Group Series C (NASDAQ:LSXMK) to Announce $0.28 Earnings Per Share

Shares of Liberty Sirius XM Group Series C (NASDAQ:LSXMK) have earned an average broker rating score of 1.50 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation. Liberty Sirius XM Group Series C’s rating score has declined by 20% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price objective of $55.00 for the company and are anticipating that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Sirius XM Group Series C an industry rank of 185 out of 256 based on the ratings given to its competitors.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Liberty Sirius XM Group Series C from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 12th. Morgan Stanley restated an “overweight” rating and issued a $51.00 target price on shares of Liberty Sirius XM Group Series C in a research note on Friday, March 15th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Liberty Sirius XM Group Series C by 8.2% during the 4th quarter. BlackRock Inc. now owns 12,170,640 shares of the technology company’s stock worth $450,070,000 after buying an additional 925,302 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Liberty Sirius XM Group Series C by 199.6% in the 1st quarter. JPMorgan Chase & Co. now owns 3,003,184 shares of the technology company’s stock valued at $114,841,000 after buying an additional 2,000,872 shares in the last quarter. Geode Capital Management LLC grew its stake in Liberty Sirius XM Group Series C by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,950,482 shares of the technology company’s stock valued at $72,080,000 after buying an additional 102,171 shares in the last quarter. Weitz Investment Management Inc. grew its stake in Liberty Sirius XM Group Series C by 15.4% in the 1st quarter. Weitz Investment Management Inc. now owns 1,673,600 shares of the technology company’s stock valued at $63,998,000 after buying an additional 223,153 shares in the last quarter. Finally, Norges Bank purchased a new position in Liberty Sirius XM Group Series C in the 4th quarter valued at approximately $55,270,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liberty Sirius XM Group Series C stock opened at $39.17 on Friday. The stock’s 50-day simple moving average is $37.28. The firm has a market cap of $8.26 billion, a P/E ratio of 19.49 and a beta of 1.18. Liberty Sirius XM Group Series C has a 1-year low of $34.84 and a 1-year high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its earnings results on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The firm had revenue of $1.74 billion during the quarter. Research analysts forecast that Liberty Sirius XM Group Series C will post 1.48 earnings per share for the current year.

About Liberty Sirius XM Group Series C

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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

Recommended Story: What is a Futures Contract?

Get a free copy of the Zacks research report on Liberty Sirius XM Group Series C (LSXMK)

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

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