The Liberty SiriusXM Group (LSXMK) Scheduled to Post Quarterly Earnings on Wednesday

The Liberty SiriusXM Group (NASDAQ:LSXMK) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion for the quarter.

The Liberty SiriusXM Group Stock Up 1.1 %

Shares of The Liberty SiriusXM Group stock opened at $25.05 on Monday. The company has a fifty day moving average of $27.51 and a 200-day moving average of $27.92. The Liberty SiriusXM Group has a 52-week low of $22.24 and a 52-week high of $31.67.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. StockNews.com upgraded shares of The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc bought 1,250,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were bought at an average price of $27.76 per share, for a total transaction of $34,700,000.00. Following the purchase, the insider now owns 66,736,288 shares in the company, valued at $1,852,599,354.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 6,457,501 shares of company stock worth $179,148,132 in the last three months. Corporate insiders own 12.47% of the company’s stock.

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.