Zacks: Analysts Expect Sirius XM Holdings Inc. (NASDAQ:SIRI) Will Announce Earnings of $0.08 Per Share

Equities research analysts predict that Sirius XM Holdings Inc. (NASDAQ:SIRIGet Rating) will announce $0.08 earnings per share for the current fiscal quarter, Zacks reports. 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 per share of $0.10 in the same quarter last year, which would indicate a negative year over year growth rate of 20%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Sirius XM will report full year earnings of $0.32 per share for the current year, with EPS estimates ranging from $0.31 to $0.33. For the next financial year, analysts forecast that the firm will report earnings of $0.35 per share, with EPS estimates ranging from $0.34 to $0.39. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Sirius XM.

Sirius XM (NASDAQ:SIRIGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Sirius XM had a negative return on equity of 49.74% and a net margin of 15.90%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the business posted $0.07 EPS. The company’s revenue was up 6.2% on a year-over-year basis.

Several research analysts have weighed in on SIRI shares. Rosenblatt Securities started coverage on Sirius XM in a research note on Tuesday, April 19th. They issued a “buy” rating and a $8.00 target price on the stock. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating and set a $6.75 price target on the stock. in a research note on Wednesday, April 20th. Morgan Stanley downgraded Sirius XM from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research note on Monday, April 18th. Finally, StockNews.com downgraded Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.24.

In related news, Director James P. Holden sold 56,233 shares of the stock in a transaction on Friday, March 18th. The stock was sold at an average price of $6.21, for a total transaction of $349,206.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Key Financial Inc boosted its stake in shares of Sirius XM by 103.0% during the 4th quarter. Key Financial Inc now owns 3,941 shares of the company’s stock worth $25,000 after purchasing an additional 2,000 shares during the last quarter. Covestor Ltd acquired a new stake in shares of Sirius XM during the 4th quarter worth about $26,000. Kozak & Associates Inc. acquired a new stake in shares of Sirius XM during the 3rd quarter worth about $27,000. Bank of New Hampshire acquired a new stake in shares of Sirius XM during the 1st quarter worth about $33,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Sirius XM by 59.3% during the 4th quarter. Lindbrook Capital LLC now owns 5,375 shares of the company’s stock worth $34,000 after purchasing an additional 2,000 shares during the last quarter. 11.79% of the stock is currently owned by institutional investors.

Shares of SIRI stock traded up $0.03 during midday trading on Tuesday, hitting $6.29. The company had a trading volume of 901,320 shares, compared to its average volume of 18,625,138. The company’s 50 day simple moving average is $6.30 and its 200 day simple moving average is $6.28. Sirius XM has a 52-week low of $5.89 and a 52-week high of $7.29. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.02 and a beta of 0.95.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 6th were issued a dividend of $0.022 per share. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $0.09 annualized dividend and a yield of 1.40%. Sirius XM’s dividend payout ratio is presently 26.47%.

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.

Featured Articles

Get a free copy of the Zacks research report on Sirius XM (SIRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.