Sirius XM Holdings Inc. to Post FY2024 Earnings of $0.27 Per Share, Seaport Res Ptn Forecasts (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRIFree Report) – Stock analysts at Seaport Res Ptn upped their FY2024 EPS estimates for shares of Sirius XM in a research note issued to investors on Tuesday, April 30th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $0.27 for the year, up from their prior forecast of $0.26. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for Sirius XM’s current full-year earnings is $0.30 per share.

Sirius XM (NASDAQ:SIRIGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year.

A number of other brokerages have also recently commented on SIRI. Rosenblatt Securities reduced their target price on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a report on Wednesday. Pivotal Research raised Sirius XM from a “hold” rating to a “buy” rating and decreased their target price for the stock from $5.05 to $4.90 in a report on Wednesday, April 24th. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and cut their price target for the company from $4.10 to $3.30 in a report on Wednesday, April 24th. Wells Fargo & Company lowered their target price on shares of Sirius XM from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Wednesday. Finally, Benchmark reduced their price target on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.42.

Read Our Latest Analysis on SIRI

Sirius XM Price Performance

SIRI stock opened at $3.12 on Friday. Sirius XM has a 1 year low of $2.92 and a 1 year high of $7.95. The company has a market cap of $12.00 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10. The stock’s fifty day moving average price is $3.69 and its 200-day moving average price is $4.54.

Sirius XM Announces Dividend

The firm 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 $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, May 9th. Sirius XM’s payout ratio is 33.33%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in Sirius XM during the 3rd quarter valued at about $27,000. BKM Wealth Management LLC bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $27,000. First PREMIER Bank purchased a new stake in shares of Sirius XM in the first quarter valued at approximately $31,000. First United Bank & Trust purchased a new stake in shares of Sirius XM in the fourth quarter valued at approximately $37,000. Finally, TFO Wealth Partners LLC grew its stake in Sirius XM by 140,560.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after purchasing an additional 7,028 shares in the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Company Profile

(Get Free Report)

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.

Further Reading

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

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.