Equities analysts forecast that Liberty Media Corporation (NASDAQ:LSXMA) will announce earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Liberty Media’s earnings. Liberty Media posted earnings of $0.35 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The business is expected to announce its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that Liberty Media will report full year earnings of $1.72 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $2.13 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Liberty Media.
Several research analysts have weighed in on the company. Bank of America increased their price objective on Liberty Media from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Pivotal Research increased their price objective on Liberty Media from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, B. Riley restated a “buy” rating on shares of Liberty Media in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $50.80.
In related news, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $43.28, for a total value of $779,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark D. Carleton sold 19,843 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $40.91, for a total value of $811,777.13. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $409,100. The disclosure for this sale can be found here. Insiders sold 210,669 shares of company stock worth $8,121,753 in the last 90 days.
Institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank grew its position in Liberty Media by 3.8% in the second quarter. Swiss National Bank now owns 336,252 shares of the technology company’s stock valued at $14,116,000 after acquiring an additional 12,400 shares during the last quarter. Achmea Investment Management B.V. bought a new position in Liberty Media in the third quarter valued at about $252,000. Gamco Investors INC. ET AL grew its position in Liberty Media by 0.5% in the third quarter. Gamco Investors INC. ET AL now owns 641,372 shares of the technology company’s stock valued at $26,873,000 after acquiring an additional 3,062 shares during the last quarter. State of Wisconsin Investment Board grew its position in Liberty Media by 5.4% in the third quarter. State of Wisconsin Investment Board now owns 83,121 shares of the technology company’s stock valued at $3,483,000 after acquiring an additional 4,242 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in Liberty Media in the third quarter valued at about $272,000. Hedge funds and other institutional investors own 25.12% of the company’s stock.
Liberty Media (NASDAQ:LSXMA) traded down $0.02 during mid-day trading on Thursday, reaching $42.34. The firm has a market cap of $23,190.00 and a PE ratio of 26.14. Liberty Media has a 1-year low of $34.04 and a 1-year high of $46.43.
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Liberty Media Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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