Sirius XM Stock Forecast, Price & News

Sirius XM's stock was trading at $6.05 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SIRI shares have decreased by 15.4% and is now trading at $5.12.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last year. There are currently 1 sell rating, 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Sirius XM is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Sirius XM Holdings Inc (NASDAQ:SIRI) posted its quarterly earnings data on Thursday, July, 30th. The company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.05. The firm earned $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Sirius XM had a net margin of 12.98% and a negative return on equity of 141.29%. Sirius XM's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS.
View Sirius XM's earnings history.

Sirius XM declared a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, August 7th will be given a dividend of $0.0133 per share on Monday, August 31st. This represents a $0.05 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 6th.
View Sirius XM's dividend history.

Sirius XM announced that its Board of Directors has initiated a stock buyback program on Tuesday, July 14th 2020, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Sirius XM issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, September, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7.7-7.7 billion, compared to the consensus revenue estimate of $7.77 billion.

13 equities research analysts have issued 12 month target prices for Sirius XM's stock. Their forecasts range from $4.50 to $8.50. On average, they expect Sirius XM's share price to reach $7.06 in the next year. This suggests a possible upside of 37.8% from the stock's current price.
View analysts' price targets for Sirius XM.

Some companies that are related to Sirius XM include Comcast (CMCSA), Charter Communications (CHTR), DISH Network (DISH), Liberty Global (LBTYA), Amc Networks (AMCX) and Loral Space & Communications Ltd. (LORL).
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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), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Walt Disney (DIS) and Cisco Systems (CSCO).

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 Vanguard Group Inc. (1.54%), Nordea Investment Management AB (0.38%), Goldman Sachs Group Inc. (0.33%), California Public Employees Retirement System (0.22%), Nuveen Asset Management LLC (0.19%) and Bank of New York Mellon Corp (0.17%). Company insiders that own Sirius XM stock include David J Frear, David Zaslav, Gregory B Maffei, James Arthur Cady, James E Meyer, James P Holden, Jennifer C Witz, Patrick L Donnelly, Scott Andrew Greenstein, Stephen Cook and Thomas D Barry.
View institutional ownership trends for Sirius XM.

SIRI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Sumitomo Mitsui Trust Holdings Inc., California Public Employees Retirement System, First Trust Advisors LP, Vanguard Group Inc., Swiss National Bank, Stifel Financial Corp, and Optimal Asset Management Inc.. 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, Patrick L Donnelly, Scott Andrew Greenstein, and Thomas D Barry.
View insider buying and selling activity for Sirius XM.

SIRI stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, PGGM Investments, Point72 Asset Management L.P., Two Sigma Advisers LP, Victory Capital Management Inc., Balyasny Asset Management LLC, Bank of America Corp DE, and Man Group plc.
View insider buying and selling activity for 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.

One share of SIRI stock can currently be purchased for approximately $5.12.

Sirius XM has a market capitalization of $22.22 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.

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

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]