Wall Street brokerages predict that Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Rating) will post earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sirius XM’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Sirius XM reported earnings of $0.07 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Sirius XM will report full year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.33. For the next financial year, analysts expect that the business will report earnings of $0.36 per share, with EPS estimates ranging from $0.34 to $0.39. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Sirius XM.
Sirius XM (NASDAQ:SIRI – Get Rating) last released its earnings results on Tuesday, February 1st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Sirius XM had a negative return on equity of 54.26% and a net margin of 15.10%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS.
Shares of Sirius XM stock traded down $0.01 on Wednesday, hitting $6.04. 1,105,028 shares of the company’s stock traded hands, compared to its average volume of 20,551,826. The firm’s 50-day moving average price is $6.33 and its two-hundred day moving average price is $6.30. The stock has a market capitalization of $23.79 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.04 and a beta of 0.95. Sirius XM has a one year low of $5.75 and a one year high of $7.29.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Friday, May 6th will be issued a $0.022 dividend. The ex-dividend date is Thursday, May 5th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.45%. Sirius XM’s dividend payout ratio (DPR) is 29.03%.
In other news, Director James P. Holden sold 56,233 shares of the stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $6.21, for a total transaction of $349,206.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eddy W. Hartenstein sold 53,494 shares of Sirius XM stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $6.24, for a total value of $333,802.56. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Smith Moore & CO. raised its stake in Sirius XM by 1.4% in the fourth quarter. Smith Moore & CO. now owns 106,570 shares of the company’s stock valued at $677,000 after buying an additional 1,500 shares during the period. People s United Financial Inc. lifted its holdings in Sirius XM by 5.0% during the 4th quarter. People s United Financial Inc. now owns 34,014 shares of the company’s stock valued at $216,000 after purchasing an additional 1,625 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Sirius XM by 5.2% during the first quarter. Stratos Wealth Partners LTD. now owns 34,654 shares of the company’s stock worth $229,000 after purchasing an additional 1,712 shares during the period. Wade G W & Inc. increased its holdings in shares of Sirius XM by 10.5% in the fourth quarter. Wade G W & Inc. now owns 18,840 shares of the company’s stock valued at $120,000 after purchasing an additional 1,792 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Sirius XM by 0.5% in the third quarter. TD Asset Management Inc. now owns 391,341 shares of the company’s stock valued at $2,387,000 after purchasing an additional 1,800 shares during the period. 12.64% of the stock is currently owned by hedge funds and other institutional investors.
Sirius XM Company Profile (Get Rating)
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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