Equities research analysts expect Sirius XM Holdings Inc. (NASDAQ:SIRI) to announce earnings per share of $0.04 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sirius XM’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.05. Sirius XM also posted earnings of $0.04 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that Sirius XM will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.19. For the next year, analysts anticipate that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.14 to $0.22. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sirius XM.

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

A number of research analysts have weighed in on the stock. Bank of America set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Royal Bank of Canada assumed coverage on shares of Sirius XM in a research report on Friday, September 15th. They set a “sector perform” rating and a $6.00 price objective for the company. Pivotal Research reaffirmed a “buy” rating and set a $6.80 price objective (up previously from $6.25) on shares of Sirius XM in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Gabelli upped their price objective on shares of Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM has an average rating of “Buy” and an average target price of $6.01.

Shares of Sirius XM (SIRI) opened at $5.37 on Monday. The stock has a market cap of $24,219.97, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.69 and a beta of 1.12. Sirius XM has a fifty-two week low of $4.40 and a fifty-two week high of $5.89. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a yield of 0.82%. This is a boost from Sirius XM’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, November 8th. Sirius XM’s dividend payout ratio is currently 22.22%.

In related news, CEO James E. Meyer sold 172,704 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the transaction, the chief executive officer now directly owns 3,377,085 shares in the company, valued at $19,181,842.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction 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 $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of SIRI. Sei Investments Co. boosted its holdings in shares of Sirius XM by 11.8% during the 2nd quarter. Sei Investments Co. now owns 305,563 shares of the company’s stock worth $1,671,000 after buying an additional 32,263 shares during the period. Alps Advisors Inc. raised its position in shares of Sirius XM by 103.8% in the 2nd quarter. Alps Advisors Inc. now owns 73,948 shares of the company’s stock valued at $404,000 after buying an additional 37,660 shares in the last quarter. Legal & General Group Plc raised its position in shares of Sirius XM by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock valued at $41,726,000 after buying an additional 111,962 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Sirius XM during the 2nd quarter valued at approximately $266,000. Finally, Blair William & Co. IL grew its holdings in shares of Sirius XM by 5.9% during the 2nd quarter. Blair William & Co. IL now owns 40,453 shares of the company’s stock valued at $221,000 after purchasing an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 19.57% 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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Earnings History and Estimates for Sirius XM (NASDAQ:SIRI)

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