The Liberty SiriusXM Group (LSXMA) Set to Announce Quarterly Earnings on Wednesday

The Liberty SiriusXM Group (NASDAQ:LSXMA) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $2.29 billion during the quarter. On average, analysts expect The Liberty SiriusXM Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA opened at $24.06 on Wednesday. The Liberty SiriusXM Group has a 12-month low of $22.01 and a 12-month high of $31.69. The company’s 50-day moving average price is $27.89 and its 200 day moving average price is $27.98.

Insiders Place Their Bets

In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc purchased 1,188,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $29.39 per share, for a total transaction of $34,915,320.00. Following the completion of the purchase, the insider now directly owns 50,682,902 shares of the company’s stock, valued at $1,489,570,489.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 6,321,691 shares of company stock worth $176,608,626 over the last three months.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $28.00 in a report on Wednesday, April 24th.

About The Liberty SiriusXM Group

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.