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Sirius XM (SIRI) Stock Price, News & Analysis

$3.91
+0.01 (+0.26%)
(As of 10:51 AM ET)
Today's Range
$3.88
$3.95
50-Day Range
$3.86
$5.44
52-Week Range
$3.32
$7.95
Volume
2.64 million shs
Average Volume
13.85 million shs
Market Capitalization
$15.02 billion
P/E Ratio
12.22
Dividend Yield
2.81%
Price Target
$4.84

Sirius XM MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.82 Rating Score
Upside/​Downside
23.8% Upside
$4.84 Price Target
Short Interest
Healthy
21.12% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.11mentions of Sirius XM in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$4.46 M Sold Last Quarter
Proj. Earnings Growth
10.34%
From $0.29 to $0.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.55 out of 5 stars

Consumer Discretionary Sector

43rd out of 274 stocks

Radio Broadcasting Stations Industry

1st out of 9 stocks

SIRI stock logo

About Sirius XM Stock (NASDAQ:SIRI)

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. This segment also distributes satellite radios through automakers and retailers, as well as its website; podcasts, including true crime, news, politics, music, comedy, sports, and entertainment; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services. In addition, this segment provides music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; graphic information related to road closings, traffic flow, and incident data for consumers with in-vehicle navigation systems; real-time weather services in vehicles, boats, and planes; and music programming and commercial-free music services for office, restaurants, and other business. Its Pandora and Off-platform segment operates music, comedy, and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices; and provides advertising services. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. operates as a subsidiary of The Liberty SiriusXM Group.

SIRI Stock Price History

SIRI Stock News Headlines

Is it Time to Buy These 5 Oversold Stocks? (SIRI)
Attention is beginning to shift amongst investors to stocks in extremely oversold territory, diverging from their sector counterparts.
Is It Time to Buy These 5 Oversold Stocks?
While the market focuses on high-flying tech names, such as Nvidia and Microsoft, some investors might be shifting their attention to a different breed of stocks. Several large-cap companies have diverged from the overall market and soaring trajectories of their sector counterparts and instead find themselves in extremely oversold territory.
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
1,188 Bonds You Must Sell Now!
StockNews.com Initiates Coverage on Sirius XM (NASDAQ:SIRI)
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:SIRI
CUSIP
82967N10
Employees
5,680
Year Founded
1990

Price Target and Rating

Average Stock Price Target
$4.84
High Stock Price Target
$6.50
Low Stock Price Target
$4.00
Potential Upside/Downside
+24.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.82
Research Coverage
11 Analysts

Profitability

Net Income
$1.26 billion
Pretax Margin
16.95%

Debt

Sales & Book Value

Annual Sales
$8.95 billion
Cash Flow
$0.48 per share
Book Value
($0.67) per share

Miscellaneous

Outstanding Shares
3,842,460,000
Free Float
3,812,107,000
Market Cap
$14.99 billion
Optionable
Optionable
Beta
1.05

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Should I Buy Sirius XM Stock? SIRI Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Sirius XM was last updated on Wednesday, March 27, 2024 at 11:31 PM.

Pros

Here are some ways that investors could benefit from investing in Sirius XM Holdings Inc.:

  • Sirius XM Holdings Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's Sirius XM segment offers a diverse range of content, including music, sports, entertainment, and news, catering to a wide audience.
  • Recent strategic partnerships and acquisitions have expanded Sirius XM's market reach and potential for future growth.
  • With a solid subscription-based business model, Sirius XM has a stable revenue stream that can provide long-term value to investors.
  • Despite market fluctuations, Sirius XM's stock price has shown resilience and potential for capital appreciation.

Cons

Investors should be bearish about investing in Sirius XM Holdings Inc. for these reasons:

  • The radio broadcasting industry, in which Sirius XM operates, faces increasing competition from digital streaming services, posing a threat to its market share.
  • Fluctuations in consumer spending habits and economic conditions can impact Sirius XM's subscription renewal rates and overall revenue.
  • Regulatory changes in the broadcasting sector could affect Sirius XM's operations and profitability.
  • High levels of debt on Sirius XM's balance sheet may limit the company's flexibility in pursuing growth opportunities or returning value to shareholders.
  • Investors should carefully monitor Sirius XM's subscriber growth and retention rates to assess the company's long-term sustainability and competitive position.

SIRI Stock Analysis - Frequently Asked Questions

Should I buy or sell Sirius XM stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. There are currently 4 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SIRI shares.
View SIRI analyst ratings
or view top-rated stocks.

What is Sirius XM's stock price target for 2024?

11 analysts have issued 1-year target prices for Sirius XM's stock. Their SIRI share price targets range from $4.00 to $6.50. On average, they predict the company's share price to reach $4.84 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
View analysts price targets for SIRI
or view top-rated stocks among Wall Street analysts.

How have SIRI shares performed in 2024?

Sirius XM's stock was trading at $5.47 at the start of the year. Since then, SIRI stock has decreased by 28.5% and is now trading at $3.91.
View the best growth stocks for 2024 here
.

When is Sirius XM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SIRI earnings forecast
.

How were Sirius XM's earnings last quarter?

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced its earnings results on Thursday, February, 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative trailing twelve-month return on equity of 42.54%.

How often does Sirius XM pay dividends? What is the dividend yield for Sirius XM?

Sirius XM announced a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.0266 per share on Friday, February 23rd. This represents a $0.11 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for SIRI
.

Is Sirius XM a good dividend stock?

Sirius XM (NASDAQ:SIRI) pays an annual dividend of $0.11 per share and currently has a dividend yield of 2.76%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIRI will have a dividend payout ratio of 34.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIRI.

What guidance has Sirius XM issued on next quarter's earnings?

Sirius XM issued an update on its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.8 billion-$8.8 billion, compared to the consensus revenue estimate of $9.1 billion.

What is James E. Meyer's approval rating as Sirius XM's CEO?

139 employees have rated Sirius XM Chief Executive Officer James E. Meyer on Glassdoor.com. James E. Meyer has an approval rating of 65% among the company's employees.

What other stocks do shareholders of Sirius XM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sirius XM investors own include Bank of America (BAC), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Electric (GE), Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), Walt Disney (DIS) and Alibaba Group (BABA).

Who are Sirius XM's major shareholders?

Sirius XM's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.42%), Vanguard Group Inc. (1.42%), Berkshire Hathaway Inc (1.05%), Northern Trust Corp (0.26%), Legal & General Group Plc (0.15%) and First Trust Advisors LP (0.14%). Insiders that own company stock include Eddy W Hartenstein, James E Meyer, James P Holden, Jennifer C Witz, Joseph A Inzerillo, Kristina Salen, Patrick L Donnelly, Robin S Hickenlooper, Scott Andrew Greenstein and Thomas D Barry.
View institutional ownership trends
.

How do I buy shares of Sirius XM?

Shares of SIRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Sirius XM have any subsidiaries?
The following companies are subsidiares of Sirius XM: AdsWizz Inc., Agero, Automatic Labs, Pandora, SXM CVS Canada Inc., Satellite CD Radio LLC, Simplecast, Sirius XM Connected Vehicle Services Holdings Inc., Sirius XM Connected Vehicle Services Inc., Sirius XM Radio Inc., Stitcher, XM 1500 Eckington LLC, XM Emall Inc., XM Investment LLC, and XM Radio LLC.
Read More
This page (NASDAQ:SIRI) was last updated on 3/28/2024 by MarketBeat.com Staff

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