Analysts Issue Forecasts for Liberty Media Co.’s FY2018 Earnings (LSXMA)

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.

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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.

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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.

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Earnings History and Estimates for Liberty Media (NASDAQ:LSXMA)

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