Liberty Media Corporation (LSXMA) Set to Announce Quarterly Earnings on Thursday
Liberty Media Corporation (NASDAQ:LSXMA) will release its Q3 2017 earnings data before the market opens on Thursday, November 9th. Analysts expect Liberty Media Corporation to post earnings of $0.39 per share for the quarter.
Liberty Media Corporation (LSXMA) opened at $40.94 on Tuesday. The stock has a market capitalization of $13,726.01, a PE ratio of 30.04, a PEG ratio of 1.08 and a beta of 2.46. Liberty Media Corporation has a 52-week low of $31.83 and a 52-week high of $46.43.
In related news, CFO Mark D. Carleton sold 19,843 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $40.91, for a total transaction of $811,777.13. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $409,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Malcolm Ian Grant Gilchrist sold 1,826 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $36.52, for a total value of $66,685.52. Following the transaction, the director now owns 823 shares of the company’s stock, valued at $30,055.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,017,487 shares of company stock valued at $41,728,544.
Several research firms have recently issued reports on LSXMA. Pivotal Research lifted their price target on Liberty Media Corporation from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Bank of America Corporation lifted their price target on Liberty Media Corporation from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Citigroup Inc. lifted 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Liberty Media Corporation currently has a consensus rating of “Buy” and a consensus target price of $49.17.
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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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