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.
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.
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