$0.35 Earnings Per Share Expected for Liberty Sirius XM Group Series C (NASDAQ:LSXMK) This Quarter

Brokerages predict that Liberty Sirius XM Group Series C (NASDAQ:LSXMK) will report earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Liberty Sirius XM Group Series C’s earnings. Liberty Sirius XM Group Series C reported earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 28.6%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, August 8th.

According to Zacks, analysts expect that Liberty Sirius XM Group Series C will report full-year earnings of $1.62 per share for the current financial year. For the next year, analysts forecast that the business will report earnings of $2.18 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Liberty Sirius XM Group Series C.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The company had revenue of $1.74 billion during the quarter.

Separately, Zacks Investment Research downgraded Liberty Sirius XM Group Series C from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 12th.

LSXMK traded up $0.08 during trading on Friday, hitting $41.08. The company’s stock had a trading volume of 402,968 shares, compared to its average volume of 570,201. The company’s 50 day moving average price is $39.46. Liberty Sirius XM Group Series C has a 12 month low of $34.84 and a 12 month high of $47.75. The company has a market capitalization of $8.87 billion, a PE ratio of 20.44 and a beta of 1.18.

A number of large investors have recently bought and sold shares of LSXMK. State of Alaska Department of Revenue boosted its position in shares of Liberty Sirius XM Group Series C by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 17,824 shares of the technology company’s stock worth $681,000 after buying an additional 273 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Liberty Sirius XM Group Series C by 3.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,128 shares of the technology company’s stock worth $469,000 after buying an additional 312 shares during the period. Weik Capital Management boosted its position in shares of Liberty Sirius XM Group Series C by 0.7% during the first quarter. Weik Capital Management now owns 53,825 shares of the technology company’s stock worth $2,058,000 after buying an additional 350 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Liberty Sirius XM Group Series C by 2.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,226 shares of the technology company’s stock worth $773,000 after buying an additional 387 shares during the period. Finally, Oakbrook Investments LLC boosted its position in shares of Liberty Sirius XM Group Series C by 4.6% during the first quarter. Oakbrook Investments LLC now owns 9,012 shares of the technology company’s stock worth $345,000 after buying an additional 400 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.

About Liberty Sirius XM Group Series C

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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