Equities research analysts expect that Sirius XM Holdings Inc (NASDAQ:SIRI) will post $1.48 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Sirius XM’s earnings, with the highest sales estimate coming in at $1.50 billion and the lowest estimate coming in at $1.47 billion. Sirius XM posted sales of $1.40 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.7%. The company is expected to announce its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Sirius XM will report full year sales of $5.75 billion for the current financial year, with estimates ranging from $5.75 billion to $5.76 billion. For the next year, analysts expect that the business will report sales of $6.07 billion, with estimates ranging from $6.04 billion to $6.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sirius XM.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Sirius XM had a negative return on equity of 78.49% and a net margin of 15.64%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $0.06 EPS. Sirius XM’s revenue for the quarter was up 6.4% on a year-over-year basis.

Several equities research analysts recently commented on the company. BidaskClub downgraded Sirius XM from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research cut Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Macquarie reissued a “buy” rating and issued a $7.75 target price on shares of Sirius XM in a research report on Thursday, September 20th. Credit Suisse Group reissued a “neutral” rating and issued a $7.50 target price (down from $8.50) on shares of Sirius XM in a research report on Tuesday, September 25th. Finally, ValuEngine cut Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.83.

A number of large investors have recently made changes to their positions in the business. Worldquant Millennium Quantitative Strategies LLC purchased a new position in shares of Sirius XM during the 2nd quarter valued at about $10,441,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Sirius XM by 2.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 719,843 shares of the company’s stock valued at $4,873,000 after buying an additional 14,805 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in shares of Sirius XM by 24.0% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 295,246 shares of the company’s stock valued at $1,999,000 after buying an additional 57,146 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Sirius XM by 246.1% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 249,200 shares of the company’s stock valued at $1,700,000 after buying an additional 177,200 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Sirius XM during the 2nd quarter valued at about $7,454,000. 18.61% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SIRI remained flat at $$6.21 during trading hours on Wednesday. The company had a trading volume of 19,570,096 shares, compared to its average volume of 29,137,270. Sirius XM has a 52 week low of $5.17 and a 52 week high of $7.70. The company has a market cap of $28.30 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 9th will be given a $0.0121 dividend. This represents a $0.05 annualized dividend and a yield of 0.78%. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, November 8th. Sirius XM’s dividend payout ratio (DPR) is presently 20.00%.

Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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

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