Analysts expect that Sirius XM Holdings Inc (NASDAQ:SIRI) will post $0.06 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have provided estimates for Sirius XM’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.05. Sirius XM also posted earnings of $0.06 per share during the same quarter last year. The business is expected to issue its next quarterly earnings results on Wednesday, January 29th.

On average, analysts expect that Sirius XM will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.19 to $0.24. For the next fiscal year, analysts forecast that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.23 to $0.31. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Sirius XM.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Sirius XM had a net margin of 12.76% and a negative return on equity of 129.67%. Sirius XM’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share.

A number of brokerages have issued reports on SIRI. ValuEngine raised shares of Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Co started coverage on shares of Sirius XM in a report on Monday, September 23rd. They issued an “outperform” rating and a $8.00 target price on the stock. Zacks Investment Research upgraded shares of Sirius XM from a “sell” rating to a “hold” rating and set a $7.25 target price for the company in a research report on Monday, November 4th. BidaskClub raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley set a $7.50 price target on shares of Sirius XM and gave the company a “hold” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $7.45.

Shares of NASDAQ:SIRI traded up $0.05 during trading on Friday, hitting $6.83. 442,121 shares of the company’s stock were exchanged, compared to its average volume of 18,969,812. The business’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $6.15. The company has a market cap of $30.88 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.71 and a beta of 1.02. Sirius XM has a 52-week low of $5.23 and a 52-week high of $7.00. The company has a debt-to-equity ratio of 46.63, a current ratio of 0.29 and a quick ratio of 0.28.

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.0133 per share. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, November 7th. Sirius XM’s dividend payout ratio is currently 19.23%.

In related news, CFO David J. Frear sold 222,507 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $6.94, for a total transaction of $1,544,198.58. Following the sale, the chief financial officer now owns 1,409,229 shares of the company’s stock, valued at $9,780,049.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James E. Meyer sold 1,523,395 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $6.81, for a total transaction of $10,374,319.95. Following the transaction, the chief executive officer now owns 10,404,922 shares of the company’s stock, valued at approximately $70,857,518.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,055,641 shares of company stock valued at $14,016,229. 0.93% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bartlett & Co. LLC purchased a new position in Sirius XM in the third quarter worth about $31,000. Point72 Hong Kong Ltd purchased a new stake in Sirius XM during the second quarter valued at approximately $29,000. Rockefeller Capital Management L.P. raised its position in Sirius XM by 533.0% during the second quarter. Rockefeller Capital Management L.P. now owns 5,393 shares of the company’s stock valued at $30,000 after purchasing an additional 4,541 shares during the period. Coastal Capital Group Inc. bought a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 17.75% 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.

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

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