$1.48 Billion in Sales Expected for Sirius XM Holdings Inc (SIRI) This Quarter
Equities research analysts forecast that Sirius XM Holdings Inc (NASDAQ:SIRI) will post sales of $1.48 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Sirius XM’s earnings, with the lowest sales estimate coming in at $1.47 billion and the highest estimate coming in at $1.50 billion. Sirius XM reported sales of $1.40 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The business is scheduled to issue its next earnings report on Wednesday, January 30th.
On average, analysts expect that Sirius XM will report full year sales of $5.75 billion for the current year, with estimates ranging from $5.75 billion to $5.76 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.07 billion, with estimates ranging from $6.04 billion to $6.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Sirius XM.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Sirius XM had a net margin of 15.64% and a negative return on equity of 78.49%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis.
NASDAQ:SIRI remained flat at $$6.21 during trading hours on Wednesday. 19,570,096 shares of the company were exchanged, compared to its average volume of 29,137,270. The company has a market capitalization of $28.30 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04. Sirius XM has a 52 week low of $5.17 and a 52 week high of $7.70.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.0121 per share. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.78%. Sirius XM’s payout ratio is 20.00%.
A number of large investors have recently bought and sold shares of SIRI. Millennium Management LLC boosted its holdings in Sirius XM by 915.0% in the first quarter. Millennium Management LLC now owns 592,295 shares of the company’s stock valued at $3,696,000 after purchasing an additional 533,940 shares during the last quarter. Royal Bank of Canada raised its position in shares of Sirius XM by 29.3% in the first quarter. Royal Bank of Canada now owns 703,798 shares of the company’s stock worth $4,393,000 after acquiring an additional 159,392 shares during the period. DnB Asset Management AS acquired a new position in shares of Sirius XM in the second quarter worth about $1,681,000. Clinton Group Inc. acquired a new position in shares of Sirius XM in the second quarter worth about $736,000. Finally, IFM Investors Pty Ltd raised its position in shares of Sirius XM by 23.7% in the second quarter. IFM Investors Pty Ltd now owns 99,456 shares of the company’s stock worth $673,000 after acquiring an additional 19,084 shares during the period. 18.61% of the stock is currently owned by institutional investors.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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