Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at KeyCorp boosted their Q1 2018 earnings estimates for shares of Sirius XM in a research note issued to investors on Wednesday. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.03. KeyCorp also issued estimates for Sirius XM’s Q2 2018 earnings at $0.05 EPS and FY2018 earnings at $0.22 EPS.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS.
Sirius XM (SIRI) opened at $5.48 on Monday. The company has a market cap of $25,190.00, a price-to-earnings ratio of 30.44, a PEG ratio of 1.56 and a beta of 1.12. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41. Sirius XM has a 1 year low of $4.54 and a 1 year high of $5.89.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Broadleaf Partners LLC bought a new stake in Sirius XM in the fourth quarter worth $3,353,000. DnB Asset Management AS lifted its stake in Sirius XM by 23.8% in the fourth quarter. DnB Asset Management AS now owns 237,015 shares of the company’s stock worth $1,270,000 after purchasing an additional 45,600 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Sirius XM in the third quarter worth $330,000. California Public Employees Retirement System lifted its stake in Sirius XM by 9.6% in the third quarter. California Public Employees Retirement System now owns 4,167,432 shares of the company’s stock worth $23,004,000 after purchasing an additional 365,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Sirius XM by 19.7% in the third quarter. Janney Montgomery Scott LLC now owns 71,241 shares of the company’s stock worth $393,000 after purchasing an additional 11,726 shares during the last quarter. 19.57% of the stock is owned by institutional investors.
In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction 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 sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The disclosure for this sale can be found here. Insiders own 1.06% 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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