Sirius XM Holdings Inc. (NASDAQ:SIRI) – Analysts at B. Riley lifted their FY2018 earnings per share estimates for Sirius XM in a report released on Tuesday. B. Riley analyst B. Crockett now anticipates that the company will post earnings per share of $0.24 for the year, up from their prior estimate of $0.21. B. Riley currently has a “Buy” rating on the stock.

Several other analysts have also commented on the company. BidaskClub lowered Sirius XM from a “sell” rating to a “strong sell” rating in a report on Thursday. Royal Bank of Canada set a $6.00 price objective on Sirius XM and gave the stock a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research lowered Sirius XM from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Barrington Research lowered Sirius XM from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lowered Sirius XM from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $5.36 to $5.00 in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Sirius XM presently has a consensus rating of “Hold” and a consensus target price of $5.94.

Shares of Sirius XM (SIRI) traded up $0.06 on Thursday, hitting $5.50. The company had a trading volume of 8,874,718 shares, compared to its average volume of 24,972,328. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM has a one year low of $4.54 and a one year high of $5.89. The company has a market capitalization of $25,000.00, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.29 and a beta of 1.12.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. Sirius XM’s revenue was up 8.0% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the company. Scotia Capital Inc. lifted its position in shares of Sirius XM by 0.8% in the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after acquiring an additional 206 shares in the last quarter. GM Advisory Group Inc. lifted its position in shares of Sirius XM by 0.9% in the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock valued at $182,000 after acquiring an additional 290 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Sirius XM by 9.7% in the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after acquiring an additional 1,799 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sirius XM by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 113,475 shares of the company’s stock valued at $621,000 after acquiring an additional 1,828 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Sirius XM by 6.0% in the second quarter. Stifel Financial Corp now owns 98,209 shares of the company’s stock valued at $538,000 after acquiring an additional 5,563 shares in the last quarter. Institutional investors and hedge funds own 19.64% of the company’s stock.

In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the transaction, the executive vice president now directly owns 227,430 shares in the company, valued at $1,296,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the transaction, the chief executive officer now owns 3,377,085 shares in the company, valued at $19,181,842.80. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

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About Sirius XM

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.

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

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