KeyCorp Comments on Sirius XM Holdings Inc.’s Q3 2017 Earnings (SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Investment analysts at KeyCorp issued their Q3 2017 EPS estimates for shares of Sirius XM Holdings in a report issued on Thursday. KeyCorp analyst A. Hargreaves anticipates that the company will post earnings of $0.04 per share for the quarter. KeyCorp also issued estimates for Sirius XM Holdings’ Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.05 EPS and Q4 2018 earnings at $0.05 EPS.

A number of other equities analysts have also recently weighed in on the company. Macquarie reissued an “outperform” rating and issued a $5.85 price target on shares of Sirius XM Holdings in a report on Thursday, April 13th. Vetr raised Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.79 price target for the company in a report on Monday, June 12th. Morgan Stanley cut Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price target for the company. in a report on Wednesday, April 19th. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies set a $7.00 price target on Sirius XM Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Sirius XM Holdings has an average rating of “Hold” and a consensus target price of $5.56.

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Shares of Sirius XM Holdings (SIRI) opened at 5.79 on Monday. Sirius XM Holdings has a one year low of $4.05 and a one year high of $5.89. The stock has a market capitalization of $26.71 billion, a PE ratio of 34.06 and a beta of 1.11. The firm has a 50-day moving average price of $5.40 and a 200 day moving average price of $5.11.

Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS.

Several large investors have recently made changes to their positions in SIRI. Miracle Mile Advisors LLC increased its stake in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares in the last quarter. Altfest L J & Co. Inc. acquired a new stake in shares of Sirius XM Holdings during the first quarter worth approximately $105,000. Greenwich Wealth Management LLC acquired a new stake in shares of Sirius XM Holdings during the first quarter worth approximately $108,000. Concorde Asset Management LLC acquired a new stake in shares of Sirius XM Holdings during the first quarter worth approximately $128,000. Finally, Advisor Partners LLC increased its stake in shares of Sirius XM Holdings by 103.7% in the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after buying an additional 11,938 shares in the last quarter. 22.03% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.

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.

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

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