Seaport Res Ptn Predicts Increased Earnings for Sirius XM

Key Points

• Seaport Res Ptn has upgraded its FY2026 earnings per share (EPS) estimate for Sirius XM to $2.78, slightly above the previous estimate of $2.77, while the consensus for the current year is $3.20 EPS.
• Sirius XM reported $0.57 EPS for Q2, missing expectations by $0.22, and had a revenue of $2.14 billion which was slightly above analysts' projections.
• The company declared a quarterly dividend of $0.27, with a current yield of 4.5% and a dividend payout ratio of -16.00%.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2026 earnings per share (EPS) estimates for shares of Sirius XM in a research note issued to investors on Wednesday, September 3rd. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $2.78 per share for the year, up from their previous forecast of $2.77. 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 FY2027 earnings at $2.85 EPS.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.During the same period in the previous year, the firm earned $0.80 earnings per share. Sirius XM's revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS.

SIRI has been the topic of a number of other research reports. Guggenheim restated a "buy" rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Barrington Research reaffirmed an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research report on Friday, August 1st. Wells Fargo & Company lowered their price objective on Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Morgan Stanley increased their target price on shares of Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. Finally, Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.18.

Sirius XM Trading Up 2.0%

Shares of NASDAQ SIRI opened at $24.06 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $8.10 billion, a PE ratio of -3.56, a PEG ratio of 0.36 and a beta of 0.95. The business has a 50-day moving average price of $23.13 and a two-hundred day moving average price of $22.44. Sirius XM has a one year low of $18.69 and a one year high of $29.18.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 8th. Sirius XM's dividend payout ratio (DPR) is currently -16.00%.

Institutional Investors Weigh In On Sirius XM

Institutional investors and hedge funds have recently modified their holdings of the company. Unified Investment Management increased its position in Sirius XM by 1.4% during the second quarter. Unified Investment Management now owns 30,407 shares of the company's stock worth $698,000 after acquiring an additional 425 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of Sirius XM by 5.1% during the first quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company's stock valued at $220,000 after purchasing an additional 475 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock worth $41,000 after purchasing an additional 493 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Sirius XM by 47.8% in the second quarter. True Wealth Design LLC now owns 1,616 shares of the company's stock valued at $37,000 after buying an additional 523 shares during the period. Finally, J.W. Cole Advisors Inc. raised its holdings in Sirius XM by 6.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company's stock worth $228,000 after purchasing an additional 605 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

About Sirius XM

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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