Analysts Expect Sirius XM Holdings Inc. (NASDAQ:SIRI) Will Announce Earnings of $0.06 Per Share


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Equities analysts expect Sirius XM Holdings Inc. (NASDAQ:SIRI) to announce $0.06 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Sirius XM’s earnings. Sirius XM posted earnings per share of $0.07 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The firm is expected to issue its next earnings results before the market opens on Wednesday, April 28th.

On average, analysts expect that Sirius XM will report full year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.27. For the next year, analysts expect that the firm will report earnings of $0.32 per share, with EPS estimates ranging from $0.31 to $0.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Sirius XM.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Monday, February 1st. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a net margin of 13.28% and a negative return on equity of 137.30%. Sirius XM’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS.

Several analysts have issued reports on the stock. Credit Suisse Group cut shares of Sirius XM from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $7.50 to $7.25 in a research note on Wednesday, January 27th. Zacks Investment Research upgraded shares of Sirius XM from a “sell” rating to a “hold” rating and set a $5.75 target price on the stock in a research note on Thursday, January 28th. Finally, Morgan Stanley increased their target price on shares of Sirius XM from $6.75 to $7.50 and gave the stock an “overweight” rating in a research note on Thursday, December 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $7.00.

SIRI traded down $0.06 on Thursday, hitting $6.27. The company’s stock had a trading volume of 350,386 shares, compared to its average volume of 29,671,906. Sirius XM has a 12 month low of $4.92 and a 12 month high of $8.14. The firm has a market cap of $25.96 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.13. The company’s 50 day simple moving average is $6.08 and its 200-day simple moving average is $6.06.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Wednesday, February 10th were given a dividend of $0.0146 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, February 9th. Sirius XM’s dividend payout ratio (DPR) is currently 30.00%.

In related news, Director James P. Holden sold 28,919 shares of the stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $6.39, for a total transaction of $184,792.41. Following the transaction, the director now owns 303,070 shares of the company’s stock, valued at approximately $1,936,617.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.93% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in shares of Sirius XM by 3.0% during the 4th quarter. CWM LLC now owns 57,577 shares of the company’s stock valued at $367,000 after purchasing an additional 1,662 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Sirius XM by 0.8% during the 4th quarter. LPL Financial LLC now owns 250,152 shares of the company’s stock valued at $1,593,000 after purchasing an additional 1,961 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Sirius XM by 0.4% during the 4th quarter. IFP Advisors Inc now owns 510,369 shares of the company’s stock valued at $3,251,000 after purchasing an additional 2,002 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Sirius XM by 29.6% in the 4th quarter. First Horizon Advisors Inc. now owns 9,044 shares of the company’s stock worth $57,000 after acquiring an additional 2,068 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Sirius XM by 86.9% in the 4th quarter. Allworth Financial LP now owns 4,717 shares of the company’s stock worth $30,000 after acquiring an additional 2,193 shares during the last quarter. 15.73% of the stock is currently owned by institutional investors.

Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels.

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Earnings History and Estimates for Sirius XM (NASDAQ:SIRI)

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