Seaport Res Ptn Expects Reduced Earnings for Sirius XM

Key Points

• Seaport Res Ptn has decreased its FY2025 earnings per share (EPS) estimate for Sirius XM from $2.67 to $2.52, while maintaining a "Strong-Buy" rating on the stock.
• Sirius XM recently reported Q2 earnings of $0.57 EPS, missing analysts' consensus estimates by ($0.22), with quarterly revenue of $2.14 billion.
• The company has announced a quarterly dividend of $0.27 per share, with an annual yield of 5.1%, to be paid to shareholders on August 27th.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) - Equities researchers at Seaport Res Ptn decreased their FY2025 earnings per share (EPS) estimates for shares of Sirius XM in a report released on Friday, August 1st. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of $2.52 for the year, down from their previous estimate of $2.67. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Sirius XM's current full-year earnings is $3.20 per share. Seaport Res Ptn also issued estimates for Sirius XM's Q2 2026 earnings at $0.66 EPS and FY2026 earnings at $2.77 EPS.

A number of other research analysts have also weighed in on SIRI. Morgan Stanley lifted their target price on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Barrington Research reaffirmed an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Friday. Rosenblatt Securities reduced their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company reduced their target price on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday. Finally, Guggenheim reissued a "buy" rating and set a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sirius XM has an average rating of "Hold" and a consensus price target of $26.42.

Sirius XM Stock Up 0.3%

SIRI stock opened at $21.18 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $7.13 billion, a PE ratio of -3.14, a PEG ratio of 0.32 and a beta of 0.92. Sirius XM has a twelve month low of $18.69 and a twelve month high of $36.40. The stock has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $22.72.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 5.1%. Sirius XM's dividend payout ratio is currently -16.56%.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director owned 15,471 shares in the company, valued at approximately $344,539.17. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Sirius XM

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new stake in Sirius XM in the first quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in Sirius XM in the fourth quarter valued at approximately $27,000. Deseret Mutual Benefit Administrators lifted its position in Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after purchasing an additional 705 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after purchasing an additional 493 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in Sirius XM by 255.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company's stock valued at $42,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

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