Equities research analysts expect Sirius XM Holdings Inc. (NASDAQ:SIRI) to report $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sirius XM’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. Sirius XM posted earnings of $0.04 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The firm is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Sirius XM will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.22 to $0.25. For the next financial year, analysts anticipate that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.25 to $0.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Sirius XM.
Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, January 31st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion.
Sirius XM stock opened at $6.48 on Monday. Sirius XM has a twelve month low of $4.73 and a twelve month high of $6.62. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of -4.42. The stock has a market capitalization of $29,107.28, a P/E ratio of 49.85, a PEG ratio of 1.81 and a beta of 1.10.
Sirius XM announced that its board has authorized a share buyback plan on Tuesday, January 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 7th were issued a dividend of $0.011 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.68%. Sirius XM’s dividend payout ratio is 30.77%.
In related news, EVP Joseph A. Verbrugge sold 863,570 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.10, for a total transaction of $5,267,777.00. Following the completion of the sale, the executive vice president now directly owns 2,986,689 shares of the company’s stock, valued at approximately $18,218,802.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas D. Barry sold 175,777 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.11, for a total value of $1,073,997.47. Following the sale, the vice president now directly owns 551,815 shares of the company’s stock, valued at $3,371,589.65. The disclosure for this sale can be found here. Insiders have sold a total of 1,113,308 shares of company stock valued at $6,822,521 over the last ninety days. Insiders own 1.06% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors bought a new position in Sirius XM in the 3rd quarter valued at $9,952,000. Crossmark Global Holdings Inc. bought a new position in Sirius XM in the 3rd quarter valued at $361,000. FDx Advisors Inc. bought a new position in Sirius XM in the 3rd quarter valued at $204,000. Sei Investments Co. boosted its position in Sirius XM by 10.7% in the 3rd quarter. Sei Investments Co. now owns 338,354 shares of the company’s stock valued at $1,868,000 after buying an additional 32,791 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Sirius XM by 1.4% in the 3rd quarter. New York State Common Retirement Fund now owns 3,479,400 shares of the company’s stock valued at $19,206,000 after buying an additional 49,500 shares during the last quarter. 20.01% of the stock is owned by hedge funds and other institutional investors.
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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