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

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

Sirius XM Trading Up 5.0 %

SIRI stock opened at $20.47 on Friday. Sirius XM has a 1-year low of $18.69 and a 1-year 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. The business's 50 day moving average is $22.00 and its 200-day moving average is $23.86. The firm has a market cap of $6.93 billion, a P/E ratio of -3.19, a P/E/G ratio of 0.79 and a beta of 0.98.

Sirius XM Dividend Announcement

The firm also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Friday, May 9th. Sirius XM's dividend payout ratio is -16.85%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SIRI. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Guggenheim lowered their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barrington Research reissued an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research report on Friday. Rosenblatt Securities lowered their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Morgan Stanley cut their price target on 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 given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.65.

Institutional Trading of Sirius XM

A hedge fund recently bought a new stake in Sirius XM stock. Brighton Jones LLC bought 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 bought 27,277 shares of the company's stock, valued at approximately $622,000. Institutional investors own 10.69% of the company's stock.

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.

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