Sirius XM (SIRI) Scheduled to Post Quarterly Earnings on Tuesday

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

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. 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

SIRI stock opened at $3.02 on Monday. The stock has a market cap of $11.62 billion, a P/E ratio of 9.44, a P/E/G ratio of 1.02 and a beta of 1.04. The firm has a 50 day simple moving average of $3.85 and a 200 day simple moving average of $4.60. Sirius XM has a 52 week low of $2.97 and a 52 week high of $7.95.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, May 9th. Sirius XM’s dividend payout ratio is currently 34.38%.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts recently commented on SIRI shares. Guggenheim started coverage on shares of Sirius XM in a report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. Wells Fargo & Company reduced their target price on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Benchmark reduced their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. StockNews.com assumed coverage on shares of Sirius XM in a research note on Sunday, April 21st. They issued a “hold” rating for the company. Finally, Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and reduced their target price for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.67.

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.