Liberty Media Co. (NASDAQ:LSXMA) – Research analysts at B. Riley lowered their FY2018 earnings per share estimates for Liberty Media in a note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. B. Riley analyst B. Crockett now forecasts that the technology company will post earnings of $2.35 per share for the year, down from their previous estimate of $2.38. B. Riley currently has a “Buy” rating and a $62.00 target price on the stock. B. Riley also issued estimates for Liberty Media’s FY2019 earnings at $2.97 EPS and FY2020 earnings at $3.35 EPS.
Liberty Media (NASDAQ:LSXMA) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $1.54. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion.
A number of other brokerages have also weighed in on LSXMA. Barclays raised their price objective on Liberty Media from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Buckingham Research raised their price objective on Liberty Media from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Macquarie reiterated a “buy” rating and issued a $52.00 price target on shares of Liberty Media in a research report on Sunday, February 4th. Citigroup upgraded Liberty Media from a “neutral” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Monday, January 29th. Finally, Zacks Investment Research upgraded Liberty Media from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.20.
Shares of Liberty Media stock traded down $0.16 during trading on Thursday, reaching $41.02. 280,882 shares of the stock traded hands, compared to its average volume of 451,243. The firm has a market cap of $13,842.66, a price-to-earnings ratio of 12.39, a PEG ratio of 0.80 and a beta of 1.95. Liberty Media has a 52-week low of $36.33 and a 52-week high of $46.43.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OTA Financial Group L.P. lifted its stake in Liberty Media by 274.3% in the fourth quarter. OTA Financial Group L.P. now owns 99,926 shares of the technology company’s stock worth $3,963,000 after purchasing an additional 73,226 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Liberty Media by 40.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 15,684 shares of the technology company’s stock worth $622,000 after purchasing an additional 4,548 shares during the last quarter. Cowen Inc. lifted its stake in Liberty Media by 32.4% in the fourth quarter. Cowen Inc. now owns 273,294 shares of the technology company’s stock worth $10,838,000 after purchasing an additional 66,925 shares during the last quarter. Element Capital Management LLC bought a new stake in Liberty Media in the fourth quarter worth about $726,000. Finally, Glenmede Trust Co. NA lifted its stake in Liberty Media by 311.0% in the fourth quarter. Glenmede Trust Co. NA now owns 6,999 shares of the technology company’s stock worth $276,000 after purchasing an additional 5,296 shares during the last quarter. Institutional investors own 26.48% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/liberty-sirius-xm-group-lsxma-to-post-fy2018-earnings-of-2-35-per-share-b-riley-forecasts.html.
About Liberty Media
Liberty Media Corp. engages in the operation and ownership of various media, communications, and entertainment businesses. Its businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group, and the Formula One Group. It provides equipment and technology that deliver location-based services to wireless users.
Get a free copy of the Zacks research report on Liberty Media (LSXMA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Liberty Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media and related companies with MarketBeat.com's FREE daily email newsletter.