Sirius XM (NASDAQ:SIRI) Releases Earnings Results, Misses Expectations By $0.11 EPS

Sirius XM (NASDAQ:SIRI - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11), Zacks reports. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Sirius XM updated its FY 2025 guidance to EPS.

Sirius XM Stock Performance

SIRI traded up $0.97 during trading on Friday, hitting $20.47. 8,525,534 shares of the stock were exchanged, compared to its average volume of 5,038,629. The stock has a fifty day moving average price of $22.00 and a two-hundred day moving average price of $23.86. The firm has a market capitalization of $6.93 billion, a P/E ratio of -3.19, a PEG ratio of 0.79 and a beta of 0.98. Sirius XM has a 1-year low of $18.69 and a 1-year high of $41.60. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's payout ratio is -16.85%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sirius XM stock. Brighton Jones LLC purchased a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,277 shares of the company's stock, valued at approximately $622,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SIRI shares. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Barrington Research reaffirmed an "outperform" rating and issued a $28.00 target price on shares of Sirius XM in a research note on Friday. Morgan Stanley decreased their price objective on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Finally, Rosenblatt Securities decreased their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday. Six research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.65.

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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