FY2017 EPS Estimates for Sirius XM Holdings Inc. Increased by KeyCorp (SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Sirius XM Holdings in a research note issued on Wednesday, according to Zacks Investment Research. KeyCorp analyst A. Hargreaves now expects that the company will post earnings of $0.19 per share for the year, up from their prior forecast of $0.18. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sirius XM Holdings’ Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS and Q4 2018 earnings at $0.04 EPS.

Several other brokerages have also recently commented on SIRI. B. Riley reaffirmed a “buy” rating on shares of Sirius XM Holdings in a research report on Wednesday, November 1st. Vetr cut shares of Sirius XM Holdings from a “strong-buy” rating to a “hold” rating and set a $6.06 price target on the stock. in a research report on Monday, July 31st. Macquarie reaffirmed a “buy” rating and set a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Pivotal Research reaffirmed a “buy” rating and set a $6.80 price target (up previously from $6.25) on shares of Sirius XM Holdings in a research report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.01.

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Shares of Sirius XM Holdings (NASDAQ:SIRI) traded up $0.03 during trading on Friday, hitting $5.34. The stock had a trading volume of 18,671,500 shares, compared to its average volume of 21,896,361. 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 firm has a market capitalization of $24,403.80, a P/E ratio of 29.50, a PEG ratio of 1.71 and a beta of 1.13. Sirius XM Holdings has a 12 month low of $4.22 and a 12 month high of $5.89.

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIRI. Ameriprise Financial Inc. raised its holdings in shares of Sirius XM Holdings by 0.8% during 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 during the last quarter. Stifel Financial Corp raised its holdings in shares of Sirius XM Holdings by 2.0% during the first quarter. Stifel Financial Corp now owns 92,646 shares of the company’s stock valued at $481,000 after buying an additional 1,849 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Sirius XM Holdings by 3.6% during 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 during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sirius XM Holdings by 51.6% during 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 during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Sirius XM Holdings by 52.9% during 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 during the last quarter. 20.42% of the stock is currently owned by institutional investors.

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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