Sirius XM Radio EPS Estimates Raised by Analysts at Lazard Capital Markets (SIRI)
Lazard Capital Markets boosted their EPS estimates on shares of Sirius XM Radio (NASDAQ: SIRI) in a research note issued on Wednesday. The firm currently has a “buy” rating and a $4.00 price target on the company’s shares.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Sirius XM Radio in a research note to investors on Friday, March 8th. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Radio in a research note to investors on Tuesday, February 26th.
Nine investment analysts have rated the stock with a buy rating, two have issued an overweight rating, four have given a hold rating, and one has issued a sell rating to the company’s stock. The stock currently has an average rating of “overweight” and an average price target of $3.56.
Sirius XM Radio traded down 0.47% on Wednesday, hitting $3.175. Sirius XM Radio has a 52-week low of $1.78 and a 52-week high of $3.25. The stock’s 50-day moving average is currently $3.. The company has a market cap of $20.825 billion and a price-to-earnings ratio of 6.24.
Sirius XM Radio last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $892.00 million for the quarter, compared to the consensus estimate of $899.46 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that Sirius XM Radio will post $0.11 EPS for the current fiscal year.
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.
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