Analysts predict that Sirius XM Holdings Inc (NASDAQ:SIRI) will announce sales of $1.48 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Sirius XM’s earnings. The lowest sales estimate is $1.47 billion and the highest is $1.50 billion. Sirius XM posted sales of $1.40 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The company is scheduled to report its next earnings report before the market opens on Wednesday, January 30th.
On average, analysts expect that Sirius XM will report full year sales of $5.76 billion for the current financial year, with estimates ranging from $5.75 billion to $5.77 billion. For the next fiscal year, analysts forecast that the business will post sales of $6.08 billion, with estimates ranging from $6.04 billion to $6.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Sirius XM.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Sirius XM had a net margin of 15.64% and a negative return on equity of 78.49%. Sirius XM’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share.
SIRI has been the subject of several research analyst reports. Macquarie set a $8.00 target price on shares of Sirius XM and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Barrington Research reaffirmed a “buy” rating and set a $8.00 target price on shares of Sirius XM in a research note on Monday, September 24th. Zacks Investment Research lowered shares of Sirius XM from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. BidaskClub raised shares of Sirius XM from a “hold” rating to a “buy” rating in a research note on Tuesday, December 11th. Finally, MKM Partners increased their target price on shares of Sirius XM from $8.00 to $9.15 and gave the stock a “neutral” rating in a research note on Thursday, September 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.07.
SIRI stock remained flat at $$6.05 during mid-day trading on Tuesday. 15,918,993 shares of the company’s stock traded hands, compared to its average volume of 22,505,045. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 0.90 and a beta of 1.07. Sirius XM has a one year low of $5.48 and a one year high of $7.70.
A number of large investors have recently modified their holdings of SIRI. Wells Fargo & Company MN raised its holdings in Sirius XM by 152.1% in the third quarter. Wells Fargo & Company MN now owns 7,486,133 shares of the company’s stock valued at $47,312,000 after acquiring an additional 4,516,550 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Sirius XM by 107.0% in the third quarter. Renaissance Technologies LLC now owns 8,506,500 shares of the company’s stock valued at $53,761,000 after acquiring an additional 4,396,500 shares in the last quarter. FMR LLC raised its holdings in Sirius XM by 8.8% in the second quarter. FMR LLC now owns 52,096,871 shares of the company’s stock valued at $352,695,000 after acquiring an additional 4,200,422 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Sirius XM by 363.7% in the third quarter. Janus Henderson Group PLC now owns 4,057,019 shares of the company’s stock valued at $25,639,000 after acquiring an additional 3,182,187 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Sirius XM by 135.6% in the second quarter. Morgan Stanley now owns 5,508,809 shares of the company’s stock valued at $37,296,000 after acquiring an additional 3,170,709 shares in the last quarter. 17.25% of the stock is currently owned by hedge funds and other institutional investors.
Sirius XM Company Profile
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
Recommended Story: Discover Your Risk Tolerance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.