Q2 2024 Earnings Estimate for Sirius XM Holdings Inc. (NASDAQ:SIRI) Issued By Barrington Research

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at Barrington Research lifted their Q2 2024 earnings per share (EPS) estimates for shares of Sirius XM in a research report issued to clients and investors on Wednesday, May 1st. Barrington Research analyst J. Goss now forecasts that the company will post earnings per share of $0.08 for the quarter, up from their prior forecast of $0.07. Barrington Research currently has a “Outperform” rating and a $5.75 target price on the stock. The consensus estimate for Sirius XM’s current full-year earnings is $0.31 per share. Barrington Research also issued estimates for Sirius XM’s FY2024 earnings at $0.31 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.36 EPS and FY2026 earnings at $0.37 EPS.

A number of other research analysts also recently weighed in on the company. Pivotal Research raised Sirius XM from a “hold” rating to a “buy” rating and cut their price objective for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. Guggenheim began coverage on Sirius XM in a research note on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective on the stock. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and cut their price objective for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. StockNews.com began coverage on Sirius XM in a research note on Tuesday. They issued a “hold” rating on the stock. Finally, Seaport Res Ptn raised Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sirius XM presently has a consensus rating of “Hold” and a consensus target price of $4.42.

Sirius XM Stock Performance

Shares of SIRI stock opened at $3.13 on Monday. The stock’s 50 day simple moving average is $3.62 and its 200 day simple moving average is $4.52. Sirius XM has a twelve month low of $2.92 and a twelve month high of $7.95. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.02 and a beta of 1.10.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the business earned $0.06 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis.

Institutional Trading of Sirius XM

Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in Sirius XM in the 3rd quarter valued at $27,000. BKM Wealth Management LLC acquired a new position in Sirius XM in the fourth quarter worth $27,000. First PREMIER Bank acquired a new position in Sirius XM in the first quarter worth $31,000. First United Bank & Trust acquired a new position in Sirius XM in the fourth quarter worth $37,000. Finally, TFO Wealth Partners LLC boosted 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. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Transactions at Sirius XM

In other news, insider Joseph A. Inzerillo sold 107,611 shares of Sirius XM 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 owns 746,816 shares of the company’s stock, valued at approximately $3,659,398.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction 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 owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the sale, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, May 9th. Sirius XM’s payout ratio is presently 33.33%.

Sirius XM Company Profile

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.