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NASDAQ:SIRI

Sirius XM (SIRI) Stock Price, News & Analysis

$3.72
-0.20 (-5.10%)
(As of 07/26/2024 ET)
Today's Range
$3.61
$4.02
50-Day Range
$2.53
$3.99
52-Week Range
$2.45
$5.78
Volume
30.70 million shs
Average Volume
26.52 million shs
Market Capitalization
$14.31 billion
P/E Ratio
11.27
Dividend Yield
2.96%
Price Target
$4.07

Sirius XM MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
9.4% Upside
$4.07 Price Target
Short Interest
Bearish
26.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.28mentions of Sirius XM in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$65,344 Sold Last Quarter
Proj. Earnings Growth
3.23%
From $0.31 to $0.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.78 out of 5 stars

Consumer Discretionary Sector

100th out of 279 stocks

Radio Broadcasting Stations Industry

3rd out of 9 stocks

SIRI stock logo

About Sirius XM Stock (NASDAQ:SIRI)

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. This segment also distributes satellite radios through automakers and retailers, as well as its website; podcasts, including true crime, news, politics, music, comedy, sports, and entertainment; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services. In addition, this segment provides 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; graphic information related to road closings, traffic flow, and incident data for consumers with in-vehicle navigation systems; real-time weather services in vehicles, boats, and planes; and music programming and commercial-free music services for office, restaurants, and other business. Its Pandora and Off-platform segment operates music, comedy, and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices; and provides advertising services. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. operates as a subsidiary of The Liberty SiriusXM Group.

SIRI Stock Price History

SIRI Stock News Headlines

Nvidia’s Quiet $1 Trillion Pivot
Nvidia recently added $277 billion in market cap … IN ONE DAY.
Sirius XM (NASDAQ:SIRI) Cut to Sell at Citigroup
Nvidia’s Quiet $1 Trillion Pivot
Nvidia recently added $277 billion in market cap … IN ONE DAY.
SiriusXM Declares Quarterly Cash Dividend
3 No-Brainer Stocks to Buy With $20 Right Now
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Ex-Dividend for 5/29 Dividend
5/09/2024
Dividend Payable
5/29/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Ex-Dividend for 8/26 Dividend
8/09/2024
Dividend Payable
8/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:SIRI
CUSIP
82967N10
Employees
5,680
Year Founded
1990

Price Target and Rating

Average Stock Price Target
$4.07
High Stock Price Target
$6.50
Low Stock Price Target
$2.50
Potential Upside/Downside
+8.2%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.26 billion
Pretax Margin
17.34%

Debt

Sales & Book Value

Annual Sales
$8.95 billion
Cash Flow
$0.46 per share
Book Value
($0.67) per share

Miscellaneous

Outstanding Shares
3,846,630,000
Free Float
3,816,244,000
Market Cap
$14.46 billion
Optionable
Optionable
Beta
1.08

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Should I Buy Sirius XM Stock? SIRI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sirius XM Holdings Inc.:

  • Sirius XM reported earnings per share (EPS) of $0.07 for the quarter, exceeding analysts' estimates by $0.01, indicating strong financial performance.
  • The company had a revenue of $2.16 billion for the quarter, higher than the consensus estimate of $2.13 billion, showcasing revenue growth.
  • Insider trading activity: Director Kristina Salen sold shares at an average price of $2.60, suggesting confidence in the company's future prospects.
  • Hedge funds and institutional investors have been increasing their positions in Sirius XM, indicating positive sentiment towards the stock.
  • Sirius XM pays a quarterly dividend with a yield of 3.90%, providing investors with a steady income stream.

Cons

Investors should be bearish about investing in Sirius XM Holdings Inc. for these reasons:

  • Sirius XM had a negative return on equity of 47.17%, indicating potential inefficiencies in the company's operations.
  • The company's dividend payout ratio is 30.30%, which may limit its ability to reinvest in growth opportunities.
  • Despite revenue growth, the net margin of 14.38% is relatively low, suggesting profitability challenges.
  • Some insiders have been selling shares, such as Director Kristina Salen, which could raise concerns about future performance.
  • While hedge funds are increasing their positions, the overall ownership by institutional investors is 10.69%, which may indicate mixed investor sentiment.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, July 6, 2024. Please send any questions or comments about these Sirius XM pros and cons to contact@marketbeat.com.

SIRI Stock Analysis - Frequently Asked Questions

How have SIRI shares performed this year?

Sirius XM's stock was trading at $5.47 at the beginning of 2024. Since then, SIRI shares have decreased by 32.0% and is now trading at $3.72.
View the best growth stocks for 2024 here
.

How were Sirius XM's earnings last quarter?

Sirius XM Holdings Inc. (NASDAQ:SIRI) issued its quarterly earnings data on Tuesday, April, 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company's revenue for the quarter was up .8% on a year-over-year basis.

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.

Does Sirius XM have any subsidiaries?

Sirius XM subsidiaries include Stitcher, Simplecast, Pandora, Automatic Labs, Agero, AdsWizz Inc., Satellite CD Radio LLC, and more.

Who are Sirius XM's major shareholders?

Sirius XM's top institutional shareholders include Bank of New York Mellon Corp (0.08%), AustralianSuper Pty Ltd (0.06%), Sumitomo Mitsui Trust Holdings Inc. (0.01%) and Lecap Asset Management Ltd. (0.01%). Insiders that own company stock include Scott Andrew Greenstein, Jennifer C Witz, Thomas D Barry, James E Meyer, Patrick L Donnelly, Joseph A Inzerillo, Kristina Salen, James P Holden and Eddy W Hartenstein.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sirius XM own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sirius XM investors own include Bank of America (BAC), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Electric (GE), Intel (INTC) and NVIDIA (NVDA).

This page (NASDAQ:SIRI) was last updated on 7/26/2024 by MarketBeat.com Staff

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