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NASDAQ:SIRISirius XM Stock Price, Forecast & News

$5.98
+0.02 (+0.34 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$5.93
Now: $5.98
$6.05
50-Day Range
$5.00
MA: $5.50
$5.97
52-Week Range
$4.11
Now: $5.98
$7.40
Volume34.27 million shs
Average Volume29.11 million shs
Market Capitalization$26.19 billion
P/E Ratio26.00
Dividend Yield0.84%
Beta1.2
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


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$7.79 billion
Cash Flow$0.32 per share
Book Value($0.17) per share

Profitability

Net Income$914 million

Miscellaneous

Employees4,534
Outstanding Shares4,379,120,000
Market Cap$26.19 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Sirius XM (NASDAQ:SIRI) Frequently Asked Questions

How has Sirius XM's stock been impacted by COVID-19 (Coronavirus)?

Sirius XM's stock was trading at $6.05 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SIRI stock has decreased by 1.2% and is now trading at $5.98. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Sirius XM?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last year. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Sirius XM.

When is Sirius XM's next earnings date?

Sirius XM is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Sirius XM.

How were Sirius XM's earnings last quarter?

Sirius XM Holdings Inc (NASDAQ:SIRI) posted its quarterly earnings data on Tuesday, April, 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The company earned $1.95 billion during the quarter, compared to analysts' expectations of $1.93 billion. Sirius XM had a net margin of 13.06% and a negative return on equity of 153.53%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. View Sirius XM's earnings history.

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

Sirius XM announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 8th will be paid a dividend of $0.0133 per share on Friday, May 29th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 7th. View Sirius XM's dividend history.

How will Sirius XM's stock buyback program work?

Sirius XM declared that its Board of Directors has approved a stock buyback program on Tuesday, January 29th 2019, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

What price target have analysts set for SIRI?

12 equities research analysts have issued 12-month price targets for Sirius XM's stock. Their forecasts range from $4.50 to $8.50. On average, they anticipate Sirius XM's stock price to reach $6.91 in the next year. This suggests a possible upside of 15.5% from the stock's current price. View analysts' price targets 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 Holdings’ third-quarter 2019 results reflected growth in subscriber base, advertisement revenues and ARPU. The company’s strong content portfolio helped in subscriber base expansion. Additionally, strength in traditional audio advertising, backed by video programmatic and engagement-based video as well as the expansion of off-platform efforts and fees generated on the AdsWizz platform, drove ad revenues. The company’s aggressive share repurchase activity in the quarter reflected improving liquidity. Notably, shares have outperformed the industry on a year-to-date basis. However, higher royalty expenses along with increasing music licensing costs hurt profitability. Moreover, the company faced significant competition in the music streaming market, which is currently dominated by the likes of Spotify and Apple." (11/4/2019)
  • 2. Pivotal Research analysts commented, "We updated our model to more fully integrate Pandora into our forecasts that resulted in no change to our $7 target. However, the move to a YE’20 target price from YE’19 resulted in a $0.70 increase in our target to $7.70. As evidenced by the solid 2Q results, overall the SIRI core business is chugging along nicely as the used car market becomes an increasing driver of subscriber growth, while Pandora has gotten off to a nicely better than expected start on the advertising front." (8/9/2019)

Has Sirius XM been receiving favorable news coverage?

Media headlines about SIRI stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sirius XM earned a daily sentiment score of -1.6 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutSirius XM.

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

Who are Sirius XM's key executives?

Sirius XM's management team includes the following 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)

What is Sirius XM's stock symbol?

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

Who are Sirius XM's major shareholders?

Sirius XM's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.08%), State Street Corp (0.84%), DSM Capital Partners LLC (0.52%), Geode Capital Management LLC (0.47%), Eagle Asset Management Inc. (0.34%) and California Public Employees Retirement System (0.28%). Company insiders that own Sirius XM stock include Dara F Altman, David J Frear, David Zaslav, Gregory B Maffei, James Arthur Cady, James E Meyer, James P Holden, Jennifer C Witz, Joan Lordi Amble, Patrick L Donnelly, Scott Andrew Greenstein, 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 Robeco Institutional Asset Management B.V., Jane Street Group LLC, Korea Investment CORP, Invesco Ltd., UBS Group AG, First Trust Advisors LP, JPMorgan Chase & Co., and The Manufacturers Life Insurance Company . Company insiders that have sold Sirius XM company stock in the last year include David J Frear, David Zaslav, Gregory B Maffei, James E Meyer, James P Holden, Jennifer C Witz, Patrick L Donnelly, Scott Andrew Greenstein, and Thomas D Barry. View insider buying and selling activity for Sirius XM.

Which major investors are buying Sirius XM stock?

SIRI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Deutsche Bank AG, Morgan Stanley, Morgan Stanley, Sumitomo Mitsui Trust Holdings Inc., Janus Henderson Group PLC, Zimmer Partners LP, and Two Sigma Investments LP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Sirius XM's stock price today?

One share of SIRI stock can currently be purchased for approximately $5.98.

How big of a company is Sirius XM?

Sirius XM has a market capitalization of $26.19 billion and generates $7.79 billion in revenue each year. The company earns $914 million in net income (profit) each year or $0.20 on an earnings per share basis. Sirius XM employs 4,534 workers across the globe.

What is Sirius XM's official website?

The official website for Sirius XM is www.siriusxm.com.

How can I contact Sirius XM?

Sirius XM's mailing address is 1221 Avenue of the Americas 35th Floor, NEW YORK NY, 10020. The company can be reached via phone at 212-584-5100 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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