Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Average Rating of "Hold" from Analysts

Key Points

• Sirius XM Holdings Inc. has received an average recommendation of "Hold" from analysts, with five selling, three holding, four buying, and one strongly buying the stock.
• The company's recent quarterly earnings report showed an EPS of $0.57, missing estimates of $0.79, and a year-over-year revenue decline of 1.8%.
• Sirius XM announced a quarterly dividend of $0.27, reflecting an annualized dividend of $1.08 and a yield of 4.6%.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.1818.

Several research firms have issued reports on SIRI. Barrington Research restated an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, August 1st. Guggenheim restated a "buy" rating and set a $29.00 price objective on shares of Sirius XM in a report on Thursday, June 26th. Rosenblatt Securities boosted their price objective on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Morgan Stanley upped 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. Finally, Wells Fargo & Company dropped their target price on Sirius XM from $19.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, August 1st.

Sirius XM Trading Down 1.0%

NASDAQ SIRI traded down $0.25 on Friday, hitting $24.19. 1,845,843 shares of the company were exchanged, compared to its average volume of 4,373,263. The company's 50 day moving average price is $23.16 and its 200-day moving average price is $22.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $8.14 billion, a P/E ratio of -3.58, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. Sirius XM has a twelve month low of $18.69 and a twelve month high of $29.18.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). The company 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%.Sirius XM's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. Analysts predict that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

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

Institutional Trading of Sirius XM

A number of institutional investors have recently bought and sold shares of SIRI. Opal Wealth Advisors LLC acquired a new stake in Sirius XM during the first quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in Sirius XM during the fourth quarter valued at $27,000. Deseret Mutual Benefit Administrators grew its stake in shares of Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock valued at $36,000 after buying an additional 705 shares in the last quarter. Quaker Wealth Management LLC grew its stake in shares of Sirius XM by 214.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company's stock valued at $37,000 after buying an additional 3,001 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Sirius XM by 47.8% in the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.