Zacks: Analysts Expect Liberty Media Co. (BATRK) Will Post Earnings of -$0.37 Per Share

Equities analysts expect that Liberty Media Co. (NASDAQ:BATRK) will post ($0.37) earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Liberty Media’s earnings. Liberty Media reported earnings per share of ($1.00) in the same quarter last year, which suggests a positive year-over-year growth rate of 63%. The business is expected to issue its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Liberty Media will report full year earnings of ($1.04) per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of ($0.98) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Liberty Media.

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Liberty Media (NASDAQ:BATRK) last posted its quarterly earnings data on Thursday, March 1st. The financial services provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $20.00 million for the quarter.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Liberty Media from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Morgan Stanley lifted their price objective on Liberty Media from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st.

Liberty Media stock opened at $22.77 on Friday. The stock has a market cap of $904.49, a P/E ratio of -44.65 and a beta of 1.23. Liberty Media has a 52 week low of $21.53 and a 52 week high of $26.20.

A number of large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in Liberty Media in the 4th quarter worth about $356,000. Park West Asset Management LLC lifted its stake in shares of Liberty Media by 9.3% in the 4th quarter. Park West Asset Management LLC now owns 3,088,278 shares of the financial services provider’s stock valued at $68,622,000 after purchasing an additional 262,217 shares in the last quarter. Tensile Capital Management LLC lifted its stake in shares of Liberty Media by 38.0% in the 4th quarter. Tensile Capital Management LLC now owns 1,511,326 shares of the financial services provider’s stock valued at $33,582,000 after purchasing an additional 416,000 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Liberty Media in the 4th quarter valued at about $499,000. Finally, Millennium Management LLC lifted its stake in shares of Liberty Media by 98.5% in the 4th quarter. Millennium Management LLC now owns 578,216 shares of the financial services provider’s stock valued at $12,848,000 after purchasing an additional 286,905 shares in the last quarter. 73.53% of the stock is currently owned by hedge funds and other institutional investors.

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About Liberty Media

Liberty Media Corp. engages in the operation and ownership of various media, communications, and entertainment businesses. Its businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group, and the Formula One Group. It provides equipment and technology that deliver location-based services to wireless users.

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