Zacks: Analysts Anticipate Liberty Sirius XM Group Series C (NASDAQ:LSXMK) to Post $0.55 EPS

Analysts forecast that Liberty Sirius XM Group Series C (NASDAQ:LSXMK) will announce earnings per share (EPS) of $0.55 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Liberty Sirius XM Group Series C’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.54. Liberty Sirius XM Group Series C also posted earnings of $0.55 per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Liberty Sirius XM Group Series C will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.62 to $1.79. For the next financial year, analysts expect that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.18 to $2.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Liberty Sirius XM Group Series C.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.17. The firm had revenue of $1.98 billion during the quarter.



Separately, Zacks Investment Research downgraded Liberty Sirius XM Group Series C from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th.

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Liberty Sirius XM Group Series C by 69.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,093,425 shares of the technology company’s stock valued at $191,105,000 after purchasing an additional 2,090,241 shares during the period. First Manhattan Co. boosted its position in Liberty Sirius XM Group Series C by 150.9% during the 2nd quarter. First Manhattan Co. now owns 2,728,108 shares of the technology company’s stock valued at $103,613,000 after purchasing an additional 1,640,820 shares during the period. Weitz Investment Management Inc. boosted its position in Liberty Sirius XM Group Series C by 1.7% during the 2nd quarter. Weitz Investment Management Inc. now owns 1,701,250 shares of the technology company’s stock worth $64,613,000 after acquiring an additional 27,650 shares during the period. California Public Employees Retirement System boosted its position in Liberty Sirius XM Group Series C by 14.7% during the 2nd quarter. California Public Employees Retirement System now owns 1,292,937 shares of the technology company’s stock worth $49,106,000 after acquiring an additional 165,704 shares during the period. Finally, Susquehanna International Group LLP boosted its position in Liberty Sirius XM Group Series C by 17.2% during the 2nd quarter. Susquehanna International Group LLP now owns 1,116,664 shares of the technology company’s stock worth $42,411,000 after acquiring an additional 163,922 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Shares of NASDAQ LSXMK traded up $0.16 during trading on Wednesday, reaching $42.24. The stock had a trading volume of 608,004 shares, compared to its average volume of 678,220. Liberty Sirius XM Group Series C has a one year low of $34.84 and a one year high of $43.66. The stock has a market cap of $8.65 billion, a PE ratio of 21.01, a P/E/G ratio of 1.94 and a beta of 1.19. The firm’s 50 day moving average price is $41.45 and its two-hundred day moving average price is $39.65.

Liberty Sirius XM Group Series C Company Profile

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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