Equities analysts forecast that Liberty Media Corporation (NASDAQ:LSXMA) will post sales of $1.38 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Liberty Media Corporation’s earnings, with estimates ranging from $1.36 billion to $1.40 billion. Liberty Media Corporation reported sales of $1.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The company is scheduled to announce its next earnings report before the market opens on Thursday, November 9th.
On average, analysts expect that Liberty Media Corporation will report full-year sales of $1.38 billion for the current financial year, with estimates ranging from $5.40 billion to $5.51 billion. For the next fiscal year, analysts forecast that the business will report sales of $5.76 billion per share, with estimates ranging from $5.71 billion to $5.80 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Liberty Media Corporation.
Several analysts recently issued reports on the company. Pivotal Research increased their price objective on Liberty Media Corporation from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Bank of America Corporation increased their price objective on Liberty Media Corporation from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Citigroup Inc. increased their price objective on Liberty Media Corporation from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Liberty Media Corporation presently has an average rating of “Buy” and an average price target of $49.17.
In other news, CFO Mark D. Carleton sold 19,843 shares of Liberty Media Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $40.91, for a total value of $811,777.13. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $409,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John C. Malone sold 18,000 shares of Liberty Media Corporation stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $43.28, for a total value of $779,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,170,487 shares of company stock worth $47,776,634.
Institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake in shares of Liberty Media Corporation by 28.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,950 shares of the technology company’s stock worth $124,000 after purchasing an additional 650 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Media Corporation in the first quarter worth about $127,000. US Bancorp DE increased its stake in shares of Liberty Media Corporation by 25.5% in the second quarter. US Bancorp DE now owns 3,539 shares of the technology company’s stock worth $149,000 after purchasing an additional 718 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of Liberty Media Corporation in the second quarter worth about $195,000. Finally, BB&T Securities LLC bought a new position in shares of Liberty Media Corporation in the second quarter worth about $207,000. Institutional investors and hedge funds own 24.66% of the company’s stock.
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Liberty Media Corporation (NASDAQ:LSXMA) opened at 42.10 on Tuesday. Liberty Media Corporation has a 1-year low of $31.83 and a 1-year high of $46.43. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 30.60 and a beta of 2.61. The company has a 50-day moving average price of $42.71 and a 200 day moving average price of $42.71.
Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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