Wall Street analysts expect Sirius XM Holdings Inc. (NASDAQ:SIRI) to report $1.39 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sirius XM Holdings’ earnings. The lowest sales estimate is $1.38 billion and the highest is $1.40 billion. Sirius XM Holdings posted sales of $1.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The firm is expected to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Sirius XM Holdings will report full year sales of $1.39 billion for the current year, with estimates ranging from $5.38 billion to $5.43 billion. For the next year, analysts forecast that the firm will report sales of $5.73 billion per share, with estimates ranging from $5.70 billion to $5.79 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Sirius XM Holdings.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. Vetr cut Sirius XM Holdings from a “strong-buy” rating to a “hold” rating and set a $6.06 price objective for the company. in a research note on Monday, July 31st. Macquarie restated a “buy” rating and issued a $6.00 price objective (up from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Pivotal Research restated a “buy” rating and issued a $6.80 price objective (up from $6.25) on shares of Sirius XM Holdings in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $6.00 price objective on shares of Sirius XM Holdings in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Sirius XM Holdings currently has an average rating of “Buy” and a consensus target price of $6.01.

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Shares of Sirius XM Holdings (NASDAQ:SIRI) traded up $0.05 during trading hours on Wednesday, hitting $5.35. The stock had a trading volume of 12,115,587 shares, compared to its average volume of 15,980,000. Sirius XM Holdings has a 1 year low of $4.11 and a 1 year high of $5.89. The stock has a market capitalization of $24,360.00, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.011 per share. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, November 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 22.22%.

Several institutional investors have recently bought and sold shares of SIRI. Ameriprise Financial Inc. increased its position in shares of Sirius XM Holdings by 0.8% in the first quarter. Ameriprise Financial Inc. now owns 225,013 shares of the company’s stock valued at $1,159,000 after buying an additional 1,753 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Sirius XM Holdings by 3.6% in the first quarter. Teachers Advisors LLC now owns 1,683,130 shares of the company’s stock valued at $8,668,000 after buying an additional 58,924 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sirius XM Holdings by 51.6% in the first quarter. PNC Financial Services Group Inc. now owns 111,647 shares of the company’s stock valued at $574,000 after buying an additional 38,013 shares in the last quarter. Morgan Stanley increased its position in shares of Sirius XM Holdings by 52.9% in the first quarter. Morgan Stanley now owns 3,909,839 shares of the company’s stock valued at $20,136,000 after buying an additional 1,353,136 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Sirius XM Holdings by 8.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,506,585 shares of the company’s stock valued at $23,209,000 after buying an additional 353,821 shares in the last quarter. Institutional investors and hedge funds own 20.42% of the company’s stock.

About Sirius XM Holdings

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

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