Sirius XM (NASDAQ:SIRI) Issues Earnings Results

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

Sirius XM Price Performance

Shares of Sirius XM stock traded up $0.57 during trading on Thursday, hitting $21.72. 2,364,987 shares of the stock traded hands, compared to its average volume of 5,068,845. The firm's fifty day moving average is $21.83 and its 200-day moving average is $23.74. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of -3.39, a PEG ratio of 0.79 and a beta of 0.90. Sirius XM has a 52 week low of $18.69 and a 52 week 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Friday, May 9th. 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 bought a new stake in Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the fourth quarter, according to the company in its most recent Form 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SIRI. Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Barrington Research reiterated an "outperform" rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Guggenheim dropped their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reduced their target price on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Finally, Rosenblatt Securities decreased their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Six research 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.