Sirius XM Holdings Inc. (SIRI) Expected to Announce Earnings of $0.04 Per Share
Wall Street brokerages forecast that Sirius XM Holdings Inc. (NASDAQ:SIRI) will announce $0.04 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sirius XM Holdings’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.04. Sirius XM Holdings also reported earnings of $0.04 per share during the same quarter last year. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, October 25th.
According to Zacks, analysts expect that Sirius XM Holdings will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.18. For the next financial year, analysts forecast that the business will post earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Sirius XM Holdings.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Friday. Vetr upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price objective for the company in a report on Monday, August 7th. KeyCorp reiterated a “hold” rating on shares of Sirius XM Holdings in a report on Friday, August 25th. BidaskClub upgraded shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Bank of America Corporation set a $7.00 price objective on shares of Sirius XM Holdings and gave the company a “buy” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Sirius XM Holdings has an average rating of “Buy” and a consensus target price of $5.96.
Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. grew its position in shares of Sirius XM Holdings by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares during the last quarter. Pitcairn Co. grew its position in shares of Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after buying an additional 237 shares during the last quarter. Colony Group LLC purchased a new position in shares of Sirius XM Holdings in the 2nd quarter worth approximately $102,000. Toronto Dominion Bank grew its position in shares of Sirius XM Holdings by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares during the last quarter. Finally, Advisor Partners LLC grew its position in shares of Sirius XM Holdings by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after buying an additional 11,938 shares during the last quarter. Institutional investors and hedge funds own 20.26% of the company’s stock.
Shares of Sirius XM Holdings (NASDAQ:SIRI) traded up 0.18% during trading on Tuesday, hitting $5.71. 8,786,625 shares of the stock traded hands. Sirius XM Holdings has a 12 month low of $4.07 and a 12 month high of $5.89. The stock has a market cap of $26.34 billion, a PE ratio of 33.59 and a beta of 1.07. The firm’s 50-day moving average price is $5.58 and its 200-day moving average price is $5.35.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a $0.011 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s payout ratio is currently 25.00%.
About Sirius XM Holdings
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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