Analysts predict that Sirius XM Holdings Inc. (NASDAQ:SIRI) will report earnings per share (EPS) of $0.04 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sirius XM Holdings’ earnings, with estimates ranging from $0.04 to $0.05. Sirius XM Holdings also posted earnings of $0.04 per share in the same quarter last year. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, October 25th.
On average, analysts expect that Sirius XM Holdings will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.18. For the next fiscal year, analysts anticipate that the company will report earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Sirius XM Holdings.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. Sirius XM Holdings’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share.
A number of research firms recently issued reports on SIRI. Bank of America Corporation set a $7.00 target price on Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Friday. Vetr downgraded Sirius XM Holdings from a “strong-buy” rating to a “hold” rating and set a $6.06 target price on the stock. in a research report on Monday, July 31st. Macquarie reaffirmed a “buy” rating and issued a $6.00 target price (up previously from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $6.25 target price on shares of Sirius XM Holdings in a research report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Sirius XM Holdings has an average rating of “Buy” and a consensus target price of $5.96.
Sirius XM Holdings (NASDAQ:SIRI) traded up 0.438% on Tuesday, reaching $5.735. The company had a trading volume of 2,008,660 shares. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 33.735 and a beta of 1.07. The firm has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.34. Sirius XM Holdings has a 12 month low of $4.07 and a 12 month high of $5.89.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.011 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.77%. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 25.00%.
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Several large investors have recently modified their holdings of SIRI. Macquarie Group Ltd. boosted its holdings in shares of Sirius XM Holdings by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after acquiring an additional 15,200 shares during the period. Pitcairn Co. boosted its holdings in shares of Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after acquiring an additional 237 shares during the period. Colony Group LLC bought a new stake in shares of Sirius XM Holdings during the second quarter worth approximately $102,000. Toronto Dominion Bank boosted its holdings in shares of Sirius XM Holdings by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after acquiring an additional 1,799 shares during the period. Finally, Advisor Partners LLC boosted its holdings in shares of Sirius XM Holdings by 103.7% during the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after acquiring an additional 11,938 shares during the period. Institutional investors own 20.31% of the company’s stock.
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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