Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Consensus Rating of "Hold" by Analysts

Key Points

• Sirius XM Holdings Inc. has received a consensus rating of "Hold" from analysts, with recommendations including four "sell," three "hold," four "buy," and one "strong buy."
• The company's average target price set by analysts is $26.70, while its shares recently traded at approximately $22.69.
• Sirius XM reported a quarterly earnings miss with $0.57 earnings per share, falling short of the consensus estimate of $0.79, alongside a 1.8% decline in year-over-year revenue.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has received an average recommendation of "Hold" from the twelve research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.70.

SIRI has been the subject of several research analyst reports. Zacks Research upgraded shares of Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Morgan Stanley upped their price objective 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. Barrington Research reaffirmed an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research note on Friday, August 1st. Wells Fargo & Company dropped their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday, August 1st. Finally, Rosenblatt Securities raised their target price on shares of Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, August 4th.

Sirius XM Trading Down 0.0%

Shares of SIRI opened at $22.69 on Tuesday. Sirius XM has a 52-week low of $18.69 and a 52-week high of $29.18. 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's fifty day moving average is $22.93 and its two-hundred day moving average is $22.38. The stock has a market cap of $7.64 billion, a PE ratio of -3.36, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate 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 negative net margin of 26.41% and a positive return on equity of 3.73%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. Research analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Friday, August 8th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.8%. Sirius XM's dividend payout ratio (DPR) is currently -16.00%.

Institutional Trading of Sirius XM

Several institutional investors have recently added to or reduced their stakes in SIRI. Opal Wealth Advisors LLC acquired a new stake in shares of Sirius XM in the 1st quarter worth about $25,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of Sirius XM by 79.3% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company's stock worth $36,000 after buying an additional 705 shares during the period. Quaker Wealth Management LLC boosted its holdings in shares of Sirius XM by 214.7% in the second quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company's stock worth $37,000 after buying an additional 3,001 shares during the period. True Wealth Design LLC boosted its holdings 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 worth $37,000 after buying an additional 523 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position 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 in 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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