Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
Other equities analysts have also issued reports about the company. Pivotal Research reissued a buy rating and set a $7.70 price target on shares of Sirius XM in a research report on Friday, August 9th. Zacks Investment Research raised Sirius XM from a sell rating to a hold rating and set a $7.25 price target on the stock in a research report on Monday, November 4th. Barrington Research reissued a buy rating and set a $8.00 price target on shares of Sirius XM in a research report on Thursday, October 31st. Morgan Stanley set a $7.50 price target on Sirius XM and gave the stock a hold rating in a research report on Friday, November 1st. Finally, Benchmark initiated coverage on Sirius XM in a research report on Wednesday, October 9th. They set a hold rating and a $8.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Sirius XM presently has an average rating of Buy and an average price target of $7.45.
Sirius XM stock traded down $0.06 during midday trading on Wednesday, reaching $6.92. The company’s stock had a trading volume of 16,341,500 shares, compared to its average volume of 18,705,524. The firm has a market capitalization of $30.88 billion, a PE ratio of 26.62, a P/E/G ratio of 2.71 and a beta of 1.03. Sirius XM has a fifty-two week low of $5.23 and a fifty-two week high of $7.00. The company has a debt-to-equity ratio of 46.63, a quick ratio of 0.28 and a current ratio of 0.29. The stock’s 50 day simple moving average is $6.50 and its 200 day simple moving average is $6.05.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. Sirius XM had a negative return on equity of 129.67% and a net margin of 12.76%. The business’s revenue was up 37.1% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. Equities analysts predict that Sirius XM will post 0.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.0133 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 0.77%. Sirius XM’s payout ratio is currently 19.23%.
In other Sirius XM news, CEO James E. Meyer sold 1,523,395 shares of Sirius XM stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $6.81, for a total transaction of $10,374,319.95. Following the sale, the chief executive officer now directly owns 10,404,922 shares in the company, valued at approximately $70,857,518.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Andrew Greenstein sold 231,992 shares of Sirius XM stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $6.77, for a total value of $1,570,585.84. Following the sale, the insider now owns 945,740 shares in the company, valued at $6,402,659.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,641 shares of company stock worth $14,016,229 over the last 90 days. 0.93% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Sirius XM by 1.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 127,121 shares of the company’s stock worth $796,000 after buying an additional 1,502 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Sirius XM by 6.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 27,875 shares of the company’s stock worth $156,000 after buying an additional 1,718 shares during the last quarter. HighTower Advisors LLC grew its stake in Sirius XM by 0.6% during the 2nd quarter. HighTower Advisors LLC now owns 313,369 shares of the company’s stock worth $1,758,000 after buying an additional 1,727 shares during the last quarter. Coastal Investment Advisors Inc. grew its stake in Sirius XM by 11.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 21,798 shares of the company’s stock worth $122,000 after buying an additional 2,158 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in Sirius XM by 5.0% during the 2nd quarter. AE Wealth Management LLC now owns 45,793 shares of the company’s stock worth $256,000 after buying an additional 2,199 shares during the last quarter. Institutional investors and hedge funds own 18.97% of the company’s stock.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.