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

Sirius XM (NASDAQ:SIRI - Get Free Report) released its earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11), Zacks reports. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Sirius XM's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. Sirius XM updated its FY 2025 guidance to EPS.

Sirius XM Trading Up 2.7 %

Shares of SIRI stock traded up $0.57 during trading hours on Thursday, reaching $21.72. 3,916,777 shares of the stock were exchanged, compared to its average volume of 5,091,765. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of -3.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The company's 50-day moving average price is $21.83 and its 200-day moving average price is $23.74. Sirius XM has a 12-month low of $18.69 and a 12-month high of $41.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.97%. Sirius XM's payout ratio is currently -16.56%.

Institutional Trading of Sirius XM

An institutional investor recently bought a new position in Sirius XM stock. Brighton Jones LLC purchased a new position in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,277 shares of the company's stock, valued at approximately $622,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SIRI has been the subject of a number of recent analyst reports. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Guggenheim decreased their price objective on shares of 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 reissued an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a research note on Friday, May 2nd. Rosenblatt Securities reduced 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, May 2nd. Finally, Morgan Stanley lowered their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $26.65.

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.