Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.42.
SIRI has been the topic of several analyst reports. Rosenblatt Securities dropped their target price on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and cut their target price for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. Wells Fargo & Company cut their price objective on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and reduced their price target for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Finally, Benchmark decreased their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th.
Check Out Our Latest Analysis on SIRI
Institutional Investors Weigh In On Sirius XM
Sirius XM Stock Performance
Shares of SIRI stock opened at $2.75 on Friday. Sirius XM has a 1 year low of $2.70 and a 1 year high of $7.95. The business’s fifty day moving average is $3.31 and its 200-day moving average is $4.39. The stock has a market cap of $10.58 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.10.
Sirius XM (NASDAQ:SIRI – Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. Equities research analysts predict that Sirius XM will post 0.31 earnings per share for the current year.
Sirius XM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be given a $0.0266 dividend. This represents a $0.11 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 9th. Sirius XM’s dividend payout ratio is currently 30.30%.
About Sirius XM
Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
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