Wall Street analysts forecast that Sirius XM Holdings Inc (NASDAQ:SIRI) will post $0.06 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Sirius XM’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.06. Sirius XM also posted earnings of $0.06 per share during the same quarter last year. The business is scheduled to announce its next earnings report on Wednesday, January 29th.
According to Zacks, analysts expect that Sirius XM will report full-year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.24. For the next fiscal year, analysts forecast that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.23 to $0.31. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Sirius XM.
Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Sirius XM had a negative return on equity of 129.67% and a net margin of 12.76%. The business’s revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share.
SIRI has been the topic of a number of research reports. BidaskClub upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Barrington Research restated a “buy” rating and set a $8.00 target price on shares of Sirius XM in a research report on Thursday, October 31st. Morgan Stanley set a $7.50 price target on Sirius XM and gave the stock a “hold” rating in a report on Friday, November 1st. Pivotal Research reaffirmed a “buy” rating and set a $7.70 price target on shares of Sirius XM in a report on Friday, August 9th. Finally, ValuEngine raised Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $7.45.
Shares of SIRI opened at $6.98 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 46.63. The firm has a market cap of $30.66 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. The company’s 50 day simple moving average is $6.68 and its 200-day simple moving average is $6.13. Sirius XM has a 12-month low of $5.23 and a 12-month high of $7.00.
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were issued a dividend of $0.0133 per share. The ex-dividend date was Thursday, November 7th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a dividend yield of 0.76%. Sirius XM’s dividend payout ratio (DPR) is currently 19.23%.
In other news, CFO David J. Frear sold 222,507 shares of Sirius XM stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $6.94, for a total transaction of $1,544,198.58. Following the completion of the transaction, the chief financial officer now owns 1,409,229 shares of the company’s stock, valued at approximately $9,780,049.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James E. Meyer sold 1,523,395 shares of Sirius XM stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $6.81, for a total value of $10,374,319.95. Following the transaction, the chief executive officer now directly owns 10,404,922 shares of the company’s stock, valued at approximately $70,857,518.82. The disclosure for this sale can be found here. In the last three months, insiders sold 2,055,641 shares of company stock valued at $14,016,229. 0.93% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in SIRI. Millennium Management LLC raised its stake in shares of Sirius XM by 21,821.3% during the 3rd quarter. Millennium Management LLC now owns 9,010,513 shares of the company’s stock worth $56,360,000 after buying an additional 8,969,409 shares during the last quarter. Invesco Ltd. increased its position in Sirius XM by 20.2% during the 2nd quarter. Invesco Ltd. now owns 48,900,561 shares of the company’s stock worth $272,864,000 after purchasing an additional 8,221,787 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Sirius XM during the 2nd quarter worth about $39,980,000. Jane Street Group LLC increased its position in Sirius XM by 1,408.7% during the 2nd quarter. Jane Street Group LLC now owns 3,364,180 shares of the company’s stock worth $18,772,000 after purchasing an additional 3,141,193 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in Sirius XM by 180.8% during the 3rd quarter. Squarepoint Ops LLC now owns 4,065,263 shares of the company’s stock worth $25,428,000 after purchasing an additional 2,617,358 shares in the last quarter. 17.75% of the stock is owned by institutional investors and hedge funds.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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