Sirius XM (SIRI) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. 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.

12 analysts have issued 1 year price targets for Sirius XM's shares. Their SIRI share price forecasts range from $3.60 to $7.00. On average, they anticipate the company's stock price to reach $5.10 in the next year. This suggests a possible upside of 26.6% from the stock's current price.
View analysts price targets for SIRI or view top-rated stocks among Wall Street analysts.

Sirius XM's stock was trading at $5.84 on January 1st, 2023. Since then, SIRI shares have decreased by 31.0% and is now trading at $4.03.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SIRI earnings forecast.

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced its earnings results on Tuesday, August, 1st. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%.

Sirius XM announced a quarterly dividend on Wednesday, July 26th. Investors 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 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, August 7th.
Read our dividend analysis for SIRI.

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).

Sirius XM (NASDAQ:SIRI) pays an annual dividend of $0.10 per share and currently has a dividend yield of 2.40%. 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 30.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIRI.

Sirius XM issued an update on 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.

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.

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).

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

Sirius XM's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (1.28%), State Street Corp (0.75%), Pacer Advisors Inc. (0.63%), Geode Capital Management LLC (0.33%), Northern Trust Corp (0.25%) and Bank of New York Mellon Corp (0.24%). Insiders that own company stock include Eddy W Hartenstein, James E Meyer, James P Holden, Jennifer C Witz, Kristina Salen, Patrick L Donnelly, Robin S Hickenlooper, Scott Andrew Greenstein and Thomas D Barry.
View institutional ownership trends.

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.
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One share of SIRI stock can currently be purchased for approximately $4.03.

Sirius XM (NASDAQ:SIRI) has a market capitalization of $15.48 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.

The company employs 5,869 workers across the globe.

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.