Analysts Set Sirius XM Holdings Inc. (SIRI) PT at $6.01
Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.01.
SIRI has been the topic of a number of analyst reports. KeyCorp reiterated a “hold” rating on shares of Sirius XM in a research report on Friday, August 25th. Royal Bank of Canada initiated coverage on Sirius XM in a research report on Friday, September 15th. They set a “sector perform” rating and a $6.00 target price on the stock. Zacks Investment Research lowered Sirius XM from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Bank of America set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th.
Sirius XM (SIRI) traded down $0.29 during trading on Thursday, hitting $5.37. The stock had a trading volume of 95,377,357 shares, compared to its average volume of 14,885,699. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. Sirius XM has a 12 month low of $4.40 and a 12 month high of $5.89. The firm has a market cap of $24,679.55, a PE ratio of 29.83, a P/E/G ratio of 1.72 and a beta of 1.12.
Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts anticipate that Sirius XM will post 0.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were issued a $0.011 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.82%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s dividend payout ratio is presently 22.22%.
In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the transaction, the chief executive officer now owns 3,377,085 shares in the company, valued at $19,181,842.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the completion of the transaction, the executive vice president now owns 227,430 shares in the company, valued at approximately $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its stake in shares of Sirius XM by 21.3% in the second quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock worth $1,979,000 after purchasing an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Sirius XM by 17.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock worth $2,918,000 after purchasing an additional 78,260 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Sirius XM by 1.5% in the second quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock worth $41,726,000 after purchasing an additional 111,962 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Sirius XM by 603.6% in the second quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock worth $535,000 after purchasing an additional 83,978 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Sirius XM by 0.5% in the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after purchasing an additional 27,200 shares during the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.
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Sirius XM Company Profile
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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