NASDAQ:SIRI

Sirius XM (SIRI) Stock Forecast, Price & News

$4.52

-0.16 (-3.42%)

(As of 09/29/2023 ET)

Compare

Today's Range: $4.48
▼
$4.83
50-Day Range: $3.88
▼
$6.00
52-Week Range: $3.32
▼
$7.95

Volume: 22.05 million shs
Average Volume: 20.10 million shs
Market Capitalization: $17.37 billion

P/E Ratio: 15.59
Dividend Yield: 2.21%
Price Target: $5.02

Sirius XM MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 11.1% Upside
$5.02 Price Target
Short Interest: Bearish
26.99% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.59
Upright™ Environmental Score
News Sentiment: 0.33
Based on 21 Articles This Week
Insider Trading: Acquiring Shares
$1.03 M Bought Last Quarter
Proj. Earnings Growth: 6.67%
From $0.30 to $0.32 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Consumer Discretionary Sector

63rd out of 270 stocks

Radio Broadcasting Stations Industry

3rd out of 10 stocks

3.0

Analyst's Opinion

Consensus Rating
Sirius XM has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 6 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.02, Sirius XM has a forecasted upside of 11.1% from its current price of $4.52.
Amount of Analyst Coverage
Sirius XM has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
26.99% of the float of Sirius XM has been sold short.
Short Interest Ratio / Days to Cover
Sirius XM has a short interest ratio ("days to cover") of 7.9.
Change versus previous month
Short interest in Sirius XM has recently increased by 1.31%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Yield
Sirius XM pays a meaningful dividend of 2.07%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sirius XM has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Sirius XM is 34.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sirius XM will have a dividend payout ratio of 31.25% next year. This indicates that Sirius XM will be able to sustain or increase its dividend.

4.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sirius XM has received a 64.56% net impact score from Upright. The largest positive contribution comes from its "Meaning & joy" impact, which is mostly driven by its "Radio show and podcast streaming services", "Radio station services", and "Audiobook streaming services" products. See details.
Environmental Sustainability
The Environmental Impact score for Sirius XM is -0.59.

2.4

News and Social Media Coverage

News Sentiment
Sirius XM has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Sirius XM this week, compared to 9 articles on an average week.
Search Interest
Only 29 people have searched for SIRI on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.
MarketBeat Follows
15 people have added Sirius XM to their MarketBeat watchlist in the last 30 days. This is an increase of 275% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sirius XM insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,027,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.79% of the stock of Sirius XM is held by insiders.
Percentage Held by Institutions
Only 10.50% of the stock of Sirius XM is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Sirius XM are expected to grow by 6.67% in the coming year, from $0.30 to $0.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sirius XM is 15.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sirius XM is 15.59, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.78.
Price to Earnings Growth Ratio
Sirius XM has a PEG Ratio of 2.06. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

About Sirius XM (NASDAQ:SIRI) Stock

Sirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, 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 system and streamed via applications for mobile and home devices, and other consumer electronic equipment. Its Pandora and Off-platform segment operates music and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices. In addition, the company offers podcasts including true crime to politics, sports, comedy, and other podcasts under Stitcher brand. Further, it distributes satellite radios through automakers and retailers, as well as its website. The company also provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services, as well as music programming and commercial-free music services for commercial, office, restaurants, and other business. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.

SIRI Price History

30 days | 90 days | 365 days | Advanced Chart

SIRI Stock News Headlines

September 30, 2023 | msn.com

"MY LAST STRAW": Fans get emotional as BTS' Jungkook expresses that he misses his bandmates during SiriusXM 1 Morning Mashup show

September 30, 2023 | americanbankingnews.com

Bank of America Trims Sirius XM (NASDAQ:SIRI) Target Price to $4.50

September 30, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 29, 2023 | msn.com

Audacy signs distribution deals for ‘You Better You Bet’ with Stadium, SiriusXM

September 28, 2023 | finanznachrichten.de

Sirius XM Holdings Inc.: Sirius XM Acknowledges Receipt Of Proposal From Liberty Media Corporation

September 28, 2023 | benzinga.com

What's Going On With Sirius XM Stock Today?

September 27, 2023 | benzinga.com

Liberty SiriusXM Gr Unusual Options Activity

September 27, 2023 | news.yahoo.com

Here’s when you can re-listen to Pearl Jam’s first-ever Fort Worth shows on Sirius XM

September 30, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

September 27, 2023 | msn.com

Damon Amendolara goes from CBS Sports Radio to SiriusXM

September 27, 2023 | finance.yahoo.com

Company News for Sep 27, 2023

September 27, 2023 | americanbankingnews.com

Sirius XM (NASDAQ:SIRI) PT Lowered to $4.75 at Pivotal Research

September 26, 2023 | benzinga.com

Why Sirius XM Stock Is Sliding Tuesday

September 26, 2023 | markets.businessinsider.com

Hold Rating on Sirius XM Amid Anticipated Merger and Economic Uncertainties: An Analysis by Jeffrey Wlodarczak

September 26, 2023 | bloomberg.com

Sirius XM’s Bonds Slump After Liberty Media Proposes Split Off

September 26, 2023 | markets.businessinsider.com

Structural Reforms and Financial Strengths Elevate Sirius XM Holdings to a Buy Rating

September 26, 2023 | benzinga.com

Liberty Media Proposes Combination With Audio Entertainment Company SiriusXM

September 26, 2023 | msn.com

Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more

September 21, 2023 | markets.businessinsider.com

Barrington Remains a Buy on Sirius XM Holdings (SIRI)

September 15, 2023 | barrons.com

Liberty Media Corp. Series A Sirius XM

September 15, 2023 | benzinga.com

Check Out What Whales Are Doing With SIRI

September 15, 2023 | finance.yahoo.com

Is Sirius XM Holdings (SIRI) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

September 15, 2023 | finance.yahoo.com

The next Canadian country music star emerges: SiriusXM Canada announces winner of the 2023 SiriusXM Top of the Country competition

September 14, 2023 | seekingalpha.com

Sirius XM Holdings Inc. (SIRI) Bank of America Media, Communications & Entertainment Conference (Transcript)

September 14, 2023 | msn.com

SiriusXM Readies New Streaming App As It Tries to Get Listeners to Tune In Outside of Cars

September 14, 2023 | finance.yahoo.com

Stranded Cruise Ship Shows Risks of More Traffic in Remote Arctic

September 13, 2023 | finance.yahoo.com

3 No-Brainer Stocks to Buy With $20 Right Now

See More Headlines

Receive SIRI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Sirius XM and its competitors with MarketBeat's FREE daily newsletter.

SIRI Company Calendar

Last Earnings: 8/01/2023
Ex-Dividend for 8/30 Dividend: 8/07/2023
Dividend Payable: 8/30/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: Cable & Satellite
Sector: Consumer Discretionary
Current Symbol: NASDAQ:SIRI
CUSIP: 82967N10
CIK: 908937
Web: www.siriusxm.com
Phone: (212) 584-5100
Fax: 212-584-5200
Employees: 5,869
Year Founded: 1990

Price Target and Rating

Average Stock Price Forecast: $5.02
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $3.60
Forecasted Upside/Downside: +11.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.29
Trailing P/E Ratio: 15.59
Forward P/E Ratio: 15.07
P/E Growth: 2.06
Net Income: $1.21 billion
Net Margins: 12.90%
Pretax Margin: 16.61%
Return on Equity: -35.83%
Return on Assets: 11.89%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.32
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: $9.00 billion
Price / Sales: 1.93
Cash Flow: $0.46 per share
Price / Cash Flow: 9.91
Book Value: ($0.86) per share
Price / Book: -5.26

Miscellaneous

Outstanding Shares: 3,842,400,000
Free Float: 3,812,048,000
Market Cap: $17.37 billion
Optionable: Optionable
Beta: 1.04

Social Links

The Best High-Yield Dividend Stocks for 2023

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Key Executives

Ms. Jennifer C. Witz (Age 54)
CEO & Director
Comp: $7.09M

Mr. Joseph Inzerillo (Age 50)
Exec. VP and Chief Product & Technology Officer
Comp: $3.35M

Mr. Patrick L. Donnelly (Age 61)
Exec. VP, Gen. Counsel & Sec.
Comp: $2.82M

Mr. Joseph A. Verbrugge (Age 54)
Chief Commercial Officer
Comp: $2.53M

Mr. Scott A. Greenstein (Age 63)
Pres & Chief Content Officer

Mr. Thomas D. Barry (Age 57)
Chief Financial Officer

Mr. Hooper Stevens
Sr. VP & Head of Investor Relations

Ms. Jessica Casano-Antonellis
Sr. VP & Head of Communications

Ms. Denise Karkos
Chief Marketing Officer

Ms. Faye Tylee
Chief People & Culture Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SIRI Stock - Frequently Asked Questions

Should I buy or sell Sirius XM stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last year. There are currently 3 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SIRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIRI, but not buy additional shares or sell existing shares.
View SIRI analyst ratings or view top-rated stocks.
What is Sirius XM's stock price forecast for 2023?: 12 equities research analysts have issued 1-year price objectives for Sirius XM's stock. Their SIRI share price forecasts range from $3.60 to $7.00. On average, they anticipate the company's share price to reach $5.02 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price.
View analysts price targets for SIRI or view top-rated stocks among Wall Street analysts.
How have SIRI shares performed in 2023?: Sirius XM's stock was trading at $5.84 on January 1st, 2023. Since then, SIRI shares have decreased by 22.6% and is now trading at $4.52.
View the best growth stocks for 2023 here.
When is Sirius XM's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SIRI earnings forecast.
How were Sirius XM's earnings last quarter?: Sirius XM Holdings Inc. (NASDAQ:SIRI) released its quarterly earnings results on Tuesday, August, 1st. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The company earned $2.25 billion during the quarter, compared to analysts' expectations of $2.25 billion. Sirius XM had a net margin of 12.90% and a negative trailing twelve-month return on equity of 35.83%.
How often does Sirius XM pay dividends? What is the dividend yield for Sirius XM?: Sirius XM announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.0242 per share on Wednesday, August 30th. This represents a $0.10 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, August 7th.
Read our dividend analysis for SIRI.
What ETFs hold Sirius XM's stock?: ETFs with the largest weight of Sirius XM (NASDAQ:SIRI) stock in their portfolio include Procure Space ETF (UFO), Clouty Tune ETF (TUNE), MUSQ Global Music Industry ETF (MUSQ), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT), WisdomTree U.S. AI Enhanced Value Fund (AIVL), Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE), Nuveen ESG Mid-Cap Value ETF (NUMV) and First Trust NASDAQ 100 Equal Weighted Index Fund (QQEW).
Is Sirius XM a good dividend stock?: Sirius XM (NASDAQ:SIRI) pays an annual dividend of $0.10 per share and currently has a dividend yield of 2.07%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 34.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIRI will have a dividend payout ratio of 31.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIRI.

What guidance has Sirius XM issued on next quarter's earnings?: Sirius XM updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $9.00 billion-$9.00 billion, compared to the consensus revenue estimate of $8.99 billion.
What is James E. Meyer's approval rating as Sirius XM's CEO?: 139 employees have rated Sirius XM Chief Executive Officer James E. Meyer on Glassdoor.com. James E. Meyer has an approval rating of 65% among the company's employees.
What other stocks do shareholders of Sirius XM own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Sirius XM investors own include Bank of America (BAC), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Electric (GE), Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), Walt Disney (DIS) and Alibaba Group (BABA).
What is Sirius XM's stock symbol?: Sirius XM trades on the NASDAQ under the ticker symbol "SIRI."
How do I buy shares of Sirius XM?: Shares of SIRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sirius XM's stock price today?: One share of SIRI stock can currently be purchased for approximately $4.52.
How much money does Sirius XM make?: Sirius XM (NASDAQ:SIRI) has a market capitalization of $17.37 billion and generates $9.00 billion in revenue each year. The company earns $1.21 billion in net income (profit) each year or $0.29 on an earnings per share basis.
How many employees does Sirius XM have?: The company employs 5,869 workers across the globe.
Does Sirius XM have any subsidiaries?: The following companies are subsidiares of Sirius XM: AdsWizz Inc., Agero, Automatic Labs, Pandora, SXM CVS Canada Inc., Satellite CD Radio LLC, Simplecast, Sirius XM Connected Vehicle Services Holdings Inc., Sirius XM Connected Vehicle Services Inc., Sirius XM Radio Inc., Stitcher, XM 1500 Eckington LLC, XM Emall Inc., XM Investment LLC, and XM Radio LLC.
Read More
How can I contact Sirius XM?: Sirius XM's mailing address is 1221 Avenue of the Americas 35th Floor, NEW YORK NY, 10020. The official website for the company is www.siriusxm.com. The company can be reached via phone at (212) 584-5100, via email at hooper.stevens@siriusxm.com, or via fax at 212-584-5200.

This page (NASDAQ:SIRI) was last updated on 9/30/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial