NASDAQ:SIRI - Sirius XM Stock Price, News, & Analysis

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$5.56 -0.08 (-1.42 %)
(As of 05/23/2019 09:20 AM ET)
Previous Close$5.64
Today's Range$5.56 - $5.65
52-Week Range$5.48 - $7.70
Volume17.24 million shs
Average Volume29.97 million shs
Market Capitalization$24.97 billion
P/E Ratio21.38
Dividend Yield0.86%
Beta1.03
Sirius XM Holdings Inc. provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels. It also streams music and non-music channels over the Internet; and offers applications to allow consumers to access its Internet radio service on smartphones, tablets, computers, home devices, and other consumer electronic equipment. In addition, the company distributes satellite radios through the sale and lease of new vehicles; and acquires subscribers through the sale and lease of previously owned vehicles with factory-installed satellite radios, as well as sell satellite radios directly to consumers through its Website, automakers, and retailers. Further, the company provides location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, 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. The company was founded in 1990 and is headquartered in New York, New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.

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Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryCable & Satellite
SectorConsumer Discretionary
Current SymbolNASDAQ:SIRI
CUSIP82967N10
Phone212-584-5100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.77 billion
Cash Flow$0.3234 per share
Book Value$0.03 per share

Profitability

Net Income$1.18 billion

Miscellaneous

Employees2,699
Outstanding Shares4,491,860,000
Market Cap$24.97 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

Sirius XM (NASDAQ:SIRI) Frequently Asked Questions

What is Sirius XM's stock symbol?

Sirius XM trades on the NASDAQ under the ticker symbol "SIRI."

How often does Sirius XM pay dividends? What is the dividend yield for Sirius XM?

Sirius XM declared a quarterly dividend on Tuesday, April 23rd. Stockholders of record on Friday, May 10th will be paid a dividend of $0.0121 per share on Friday, May 31st. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 9th. View Sirius XM's Dividend History.

How will Sirius XM's stock buyback program work?

Sirius XM declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 29th 2019, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

How were Sirius XM's earnings last quarter?

Sirius XM Holdings Inc (NASDAQ:SIRI) issued its quarterly earnings results on Wednesday, April, 24th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.02. The firm earned $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Sirius XM had a negative return on equity of 96.85% and a net margin of 17.08%. The firm's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. View Sirius XM's Earnings History.

When is Sirius XM's next earnings date?

Sirius XM is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Sirius XM.

What price target have analysts set for SIRI?

12 brokerages have issued 1-year price targets for Sirius XM's stock. Their predictions range from $6.00 to $9.15. On average, they expect Sirius XM's stock price to reach $7.3150 in the next year. This suggests a possible upside of 31.6% from the stock's current price. View Analyst Price Targets for Sirius XM.

What is the consensus analysts' recommendation for Sirius XM?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sirius XM.

What are Wall Street analysts saying about Sirius XM stock?

Here are some recent quotes from research analysts about Sirius XM stock:
  • 1. According to Zacks Investment Research, "Sirius XM’s revenues in first-quarter 2019 benefited from the acquisition of Pandora, growth in subscriber base and higher average revenue per user (ARPU). Pandora’s revenues and subscriber base were also higher than the year-ago period. Notably, Pandora’s ad revenues witnessed record growth for the first quarter. This growth is expected to continue in the near term owing to Sirius XM’s efforts to boost advertisers reach. Additionally, the company’s strategy to tap users outside the automobile market with the launch of a streaming-only package, Essential, is likely to drive revenues in the near term. Moreover, increasing adoption of Sirius XM’s 360L platform among automakers like General Motors is a positive. However, the company’s profitability took a hit owing to costs associated with Pandora acquisition and higher tax rate. Also, shares have underperformed the industry over the past year." (5/6/2019)
  • 2. Pivotal Research analysts commented, "We in particular view the 7% decline yesterday post results as overdone as investors appeared to overreact to slightly lower (3.1M vs. 3.3M) new car installations (which appeared timing related) and modestly lower than expected self-pay net subscriber additions (+131K vs. our +159K and +184K consensus) partly related to the highest ARPU growth in 9 years (+4%). Recall there is generally an at least temporary churn effect from driving price. In addition, Pandora continued to bleed active users offset partially by increased self-pay subs, although SIRI is already demonstrating an ability to significantly increase monetization of Pandora’s still sizeable free streaming subscriber base and management doubled their synergy estimate to $75M." (4/25/2019)
  • 3. Barrington Research analysts commented, "We reaffirm our OUTPERFORM investment rating and $8 price target: Sirius XM continues to offer an excellent business model with solid organic revenue trajectory and cash generation, with more opportunities to reach consumers through the Pandora acquisition. Strong cash flow supports additional share repurchases, on which management is being aggressive, and the $0.0484 annual dividend." (4/24/2019)

Has Sirius XM been receiving favorable news coverage?

Media coverage about SIRI stock has trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Sirius XM earned a news impact score of -3.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.

Are investors shorting Sirius XM?

Sirius XM saw a increase in short interest during the month of April. As of April 30th, there was short interest totalling 180,435,323 shares, an increase of 0.5% from the April 15th total of 181,263,300 shares. Based on an average daily trading volume, of 35,067,385 shares, the days-to-cover ratio is currently 5.1 days. Approximately 12.6% of the company's shares are sold short. View Sirius XM's Current Options Chain.

Who are some of Sirius XM's key competitors?

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), Ford Motor (F), General Electric (GE), AT&T (T), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), NVIDIA (NVDA), Netflix (NFLX) and Alibaba Group (BABA).

Who are Sirius XM's key executives?

Sirius XM's management team includes the folowing people:
  • Mr. James E. Meyer, CEO & Director (Age 64)
  • Mr. Scott A. Greenstein, Pres & Chief Content Officer (Age 59)
  • Mr. David J. Frear, Sr. EVP & CFO (Age 62)
  • Ms. Jennifer C. Witz, Pres of Sales, Marketing & Operations (Age 50)
  • Mr. Stephen R. Cook, Exec. VP of Sales & Automotive (Age 63)

Who are Sirius XM's major shareholders?

Sirius XM's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.76%), Zimmer Partners LP (0.99%), Geode Capital Management LLC (0.55%), Eagle Asset Management Inc. (0.41%), Northern Trust Corp (0.32%) and Renaissance Technologies LLC (0.30%). Company insiders that own Sirius XM stock include Dara F Altman, David J Frear, James Arthur Cady, James E Meyer, James Mooney, James P Holden, Joan Lordi Amble, Joseph A Verbrugge, Patrick L Donnelly, Stephen Cook and Thomas D Barry. View Institutional Ownership Trends for Sirius XM.

Which major investors are selling Sirius XM stock?

SIRI stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, MERIAN GLOBAL INVESTORS UK Ltd, Wells Fargo & Company MN, Voya Investment Management LLC, BlueMountain Capital Management LLC, SG Americas Securities LLC, Robeco Institutional Asset Management B.V. and Shelton Capital Management. Company insiders that have sold Sirius XM company stock in the last year include Dara F Altman, James Arthur Cady, James P Holden, Joan Lordi Amble, Stephen Cook and Thomas D Barry. View Insider Buying and Selling for Sirius XM.

Which major investors are buying Sirius XM stock?

SIRI stock was bought by a variety of institutional investors in the last quarter, including Zimmer Partners LP, BlackRock Inc., Jericho Capital Asset Management L.P., Geode Capital Management LLC, Renaissance Technologies LLC, Marshall Wace LLP, Crosslink Capital Inc. and Marshall Wace North America L.P.. View Insider Buying and Selling for Sirius XM.

How do I buy shares of Sirius XM?

Shares of SIRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Sirius XM's stock price today?

One share of SIRI stock can currently be purchased for approximately $5.56.

How big of a company is Sirius XM?

Sirius XM has a market capitalization of $24.97 billion and generates $5.77 billion in revenue each year. The company earns $1.18 billion in net income (profit) each year or $0.26 on an earnings per share basis. Sirius XM employs 2,699 workers across the globe.

What is Sirius XM's official website?

The official website for Sirius XM is http://www.siriusxm.com/.

How can I contact Sirius XM?

Sirius XM's mailing address is 1290 Avenue of the Americas 11th Floor, NEW YORK NY, 10104. The company can be reached via phone at 212-584-5100 or via email at [email protected]


MarketBeat Community Rating for Sirius XM (NASDAQ SIRI)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  585 (Vote Outperform)
Underperform Votes:  589 (Vote Underperform)
Total Votes:  1,174
MarketBeat's community ratings are surveys of what our community members think about Sirius XM and other stocks. Vote "Outperform" if you believe SIRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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