Sirius XM (NASDAQ:SIRI) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Sirius XM (NASDAQ:SIRI) in a research note released on Monday,Benzinga reports. They currently have a $28.00 price target on the stock.

SIRI has been the topic of several other reports. Benchmark reaffirmed a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Sirius XM in a report on Friday. Zacks Research raised shares of Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Rosenblatt Securities upped their price objective on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sirius XM in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.29.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $21.89 on Monday. The company’s 50-day moving average is $22.67 and its 200 day moving average is $22.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $7.37 billion, a P/E ratio of -3.24, a price-to-earnings-growth ratio of 0.32 and a beta of 0.93. Sirius XM has a fifty-two week low of $18.69 and a fifty-two week high of $29.18.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned ($8.74) EPS. Sirius XM has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Wednesday, November 5th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, November 5th. Sirius XM’s dividend payout ratio is presently 38.16%.

Institutional Investors Weigh In On Sirius XM

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Sirius XM by 15.6% in the first quarter. IFP Advisors Inc now owns 17,133 shares of the company’s stock worth $386,000 after buying an additional 2,307 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Sirius XM by 9.0% in the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company’s stock worth $258,000 after purchasing an additional 944 shares during the last quarter. Ninety One UK Ltd increased its position in shares of Sirius XM by 8.3% in the first quarter. Ninety One UK Ltd now owns 191,829 shares of the company’s stock worth $4,325,000 after purchasing an additional 14,718 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Sirius XM in the fourth quarter worth approximately $622,000. Finally, CW Advisors LLC increased its position in shares of Sirius XM by 101.0% in the first quarter. CW Advisors LLC now owns 114,086 shares of the company’s stock worth $2,573,000 after purchasing an additional 57,330 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

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.