Sirius XM (NASDAQ:SIRI) Issues Quarterly Earnings Results

Key Points

• Sirius XM reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by $0.22, while revenue was $2.14 billion, slightly above analyst expectations.
• The company's revenue declined 1.8% year-over-year and it announced a quarterly dividend of $0.27 per share, representing a yield of 5.1%.
• Analysts exhibit mixed outlooks on the company's stock, with ratings ranging from "strong buy" to "underweight," and a consensus price target of $26.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22), Zacks reports. The company had revenue of $2.14 billion during 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%. Sirius XM's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Sirius XM updated its FY 2025 guidance to EPS.

Sirius XM Price Performance

SIRI stock traded up $0.06 during midday trading on Friday, reaching $21.18. 9,041,781 shares of the stock were exchanged, compared to its average volume of 3,403,733. The stock has a market capitalization of $7.16 billion, a PE ratio of -3.14, a P/E/G ratio of 0.30 and a beta of 0.92. Sirius XM has a 52 week low of $18.69 and a 52 week high of $36.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.42. The company has a fifty day moving average price of $22.79 and a 200 day moving average price of $22.71.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Friday, August 8th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 8th. This represents a $1.08 dividend on an annualized basis and a yield of 5.1%. Sirius XM's payout ratio is currently -16.56%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Barrington Research reissued an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday. Wells Fargo & Company lowered their price target on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday. Morgan Stanley boosted their price target on Sirius XM from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Finally, Rosenblatt Securities lowered their price target on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Six analysts have rated the stock with a sell rating, three 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.com, Sirius XM has a consensus rating of "Hold" and a consensus price target of $26.42.

Insiders Place Their Bets

In other Sirius XM news, Director Kristina Salen sold 1,651 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the sale, the director owned 15,471 shares in the company, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sirius XM

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 36.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after purchasing an additional 493 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Sirius XM by 5.2% during the 1st quarter. Focus Partners Wealth now owns 16,273 shares of the company's stock valued at $367,000 after purchasing an additional 800 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Sirius XM during the 4th quarter valued at about $622,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Sirius XM by 11.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,313 shares of the company's stock valued at $20,861,000 after purchasing an additional 92,111 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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