Sirius XM (SIRI) Set to Announce Earnings on Tuesday

Sirius XM (NASDAQ:SIRI) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Sirius XM to post earnings of $0.06 per share for the quarter. Sirius XM has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. On average, analysts expect Sirius XM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $3.13 on Tuesday. The firm’s 50-day simple moving average is $3.99 and its 200-day simple moving average is $4.64. Sirius XM has a twelve month low of $3.04 and a twelve month high of $7.95. The firm has a market cap of $12.04 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.0266 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.11 annualized dividend and a dividend yield of 3.40%. Sirius XM’s dividend payout ratio (DPR) is currently 34.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on SIRI shares. StockNews.com began coverage on shares of Sirius XM in a research report on Sunday. They set a “hold” rating on the stock. Citigroup boosted their price target on shares of Sirius XM from $3.60 to $4.10 and gave the company a “sell” rating in a research report on Friday, January 12th. Benchmark reduced their price target on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Guggenheim began coverage on shares of Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a research report on Monday, April 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sirius XM has a consensus rating of “Hold” and a consensus target price of $4.74.

Insider Buying and Selling

In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the sale, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Sirius XM news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the sale, the insider now owns 746,816 shares in the company, valued at $3,659,398.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the completion of the sale, the director now owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.

Sirius XM Company Profile

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.