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NASDAQ:SIRI

Sirius XM - SIRI Stock Forecast, Price & News

$6.67
+0.09 (+1.37%)
(As of 08/8/2022 12:52 PM ET)
Add
Compare
Today's Range
$6.57
$6.72
50-Day Range
$5.71
$6.72
52-Week Range
$5.69
$6.88
Volume
333,523 shs
Average Volume
19.44 million shs
Market Capitalization
$25.97 billion
P/E Ratio
21.52
Dividend Yield
1.37%
Price Target
$6.94

Sirius XM MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
3.6% Upside
$6.94 Price Target
Short Interest
Bearish
27.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.55
Upright™ Environmental Score
News Sentiment
-0.41mentions of Sirius XM in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$10.14 M Sold Last Quarter
Proj. Earnings Growth
12.50%
From $0.32 to $0.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.73 out of 5 stars

Consumer Discretionary Sector

278th out of 366 stocks

Radio Broadcasting Stations Industry

10th out of 13 stocks

SIRI stock logo

About Sirius XM (NASDAQ:SIRI) Stock

Sirius XM Holdings Inc. provides satellite radio services on a subscription fee basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres, such as rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from various leagues and colleges; various talk and entertainment channels for a range of audiences; national, international, and financial news; and limited run channels. The company also provides streaming service that includes a range of music and non-music channels, and podcasts, as well as channels that are not available on its satellite radio service; and offers applications to allow consumers to access its streaming service on smartphones, tablets, computers, home devices, and other consumer electronic equipment, as well as connected vehicle services. In addition, it distributes satellite radios through automakers and retailers, as well as its website. Further, the company provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, 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 incorporated in 2013 and is headquartered in New York, New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.

Sirius XM Stock Down 1.9 %

Shares of NASDAQ:SIRI traded down $0.13 on Friday, reaching $6.58. 18,518,980 shares of the company's stock traded hands, compared to its average volume of 15,361,893. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.93. The business's 50 day simple moving average is $6.27 and its two-hundred day simple moving average is $6.28. Sirius XM has a 12 month low of $5.69 and a 12 month high of $6.88.

Sirius XM (NASDAQ:SIRI - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Sirius XM had a negative return on equity of 40.89% and a net margin of 14.15%. The business had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The company's revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Sirius XM will post 0.32 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th will be given a $0.022 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.09 annualized dividend and a yield of 1.34%. Sirius XM's dividend payout ratio (DPR) is 29.03%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SIRI. Rosenblatt Securities began coverage on shares of Sirius XM in a research report on Tuesday, April 19th. They set a "buy" rating and a $8.00 price objective for the company. StockNews.com lowered Sirius XM from a "buy" rating to a "hold" rating in a report on Monday, May 2nd. Citigroup reduced their price target on Sirius XM from $7.60 to $7.50 and set a "buy" rating for the company in a report on Thursday, July 7th. Morgan Stanley lowered Sirius XM from an "equal weight" rating to an "underweight" rating and set a $7.00 price target on the stock. in a research note on Monday, April 18th. Finally, Pivotal Research downgraded Sirius XM from a "buy" rating to a "hold" rating and lowered their price target for the stock from $7.55 to $7.10 in a report on Monday, August 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Sirius XM presently has a consensus rating of "Hold" and a consensus price target of $6.94.

Insider Transactions at Sirius XM

In other Sirius XM news, EVP Patrick L. Donnelly sold 408,274 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $6.75, for a total transaction of $2,755,849.50. Following the transaction, the executive vice president now owns 791,342 shares in the company, valued at approximately $5,341,558.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Patrick L. Donnelly sold 408,274 shares of the firm's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $6.75, for a total transaction of $2,755,849.50. Following the completion of the sale, the executive vice president now directly owns 791,342 shares in the company, valued at $5,341,558.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas D. Barry sold 40,793 shares of Sirius XM stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $6.51, for a total transaction of $265,562.43. Following the sale, the vice president now owns 1,111,973 shares of the company's stock, valued at $7,238,944.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,530,437 shares of company stock valued at $10,136,827. Company insiders own 0.63% of the company's stock.

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SIRI Stock News Headlines

SiriusXM Reports Second Quarter 2022 Results
Sirius XM (SIRI) Q2 Earnings Lag Estimates
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SIRI Company Calendar

Ex-Dividend for 5/25 Dividend
5/05/2022
Dividend Payable
5/25/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/31 Dividend
8/04/2022
Today
8/08/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:SIRI
CUSIP
82967N10
Employees
5,590
Year Founded
1990

Price Target and Rating

Average Stock Price Forecast
$6.94
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+4.1%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$1.31 billion
Pretax Margin
18.01%

Debt

Sales & Book Value

Annual Sales
$8.70 billion
Cash Flow
$0.51 per share
Book Value
($0.66) per share

Miscellaneous

Outstanding Shares
3,894,220,000
Free Float
3,869,686,000
Market Cap
$25.97 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Ms. Jennifer C. Witz (Age 53)
    CEO & Director
    Comp: $8.14M
  • Mr. Scott A. Greenstein (Age 62)
    Pres & Chief Content Officer
    Comp: $4.82M
  • Mr. Sean S. Sullivan (Age 55)
    Exec. VP & CFO
    Comp: $3.02M
  • Mr. Patrick L. Donnelly (Age 60)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $3.15M
  • Mr. Joseph Inzerillo
    Chief Product & Technology Officer
  • Mr. Hooper Stevens
    VP of IR & Fin.
  • Ms. Jessica Casano-Antonellis
    Sr. VP & Head of Communications
  • Ms. Denise Karkos
    Chief Marketing Officer
  • Ms. Faye Tylee
    Chief HR Officer and Chief People & Culture Officer
  • Ms. Ruth A. Ziegler
    Sr. VP & Deputy Gen. Counsel













SIRI Stock - Frequently Asked Questions

Should I buy or sell Sirius XM stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.

What is Sirius XM's stock price forecast for 2022?

7 brokerages have issued twelve-month target prices for Sirius XM's stock. Their SIRI stock forecasts range from $6.00 to $8.00. On average, they predict the company's share price to reach $6.94 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for SIRI
or view top-rated stocks among Wall Street analysts.

How has Sirius XM's stock performed in 2022?

Sirius XM's stock was trading at $6.35 at the beginning of the year. Since then, SIRI stock has increased by 4.7% and is now trading at $6.65.
View the best growth stocks for 2022 here
.

When is Sirius XM's next earnings date?

Sirius XM is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SIRI earnings forecast
.

How were Sirius XM's earnings last quarter?

Sirius XM Holdings Inc. (NASDAQ:SIRI) posted its quarterly earnings results on Thursday, July, 28th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The company earned $2.25 billion during the quarter, compared to analysts' expectations of $2.25 billion. Sirius XM had a net margin of 14.15% and a negative trailing twelve-month return on equity of 40.89%. Sirius XM's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share.

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

Sirius XM declared a quarterly dividend on Thursday, July 14th. Investors of record on Friday, August 5th will be given a dividend of $0.022 per share on Wednesday, August 31st. This represents a $0.09 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 4th.
Read our dividend analysis for SIRI
.

Is Sirius XM a good dividend stock?

Sirius XM (NASDAQ:SIRI) pays an annual dividend of $0.09 per share and currently has a dividend yield of 1.37%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIRI will have a dividend payout ratio of 25.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIRI.

How will Sirius XM's stock buyback program work?

Sirius XM declared that its Board of Directors has approved a stock repurchase plan on Monday, July 19th 2021, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

What guidance has Sirius XM issued on next quarter's earnings?

Sirius XM updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (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 $9.05 billion.

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.

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), Advanced Micro Devices (AMD), Ford Motor (F), General Electric (GE), Intel (INTC), NVIDIA (NVDA), Micron Technology (MU), Walt Disney (DIS) and Alibaba Group (BABA).

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 investors include Victory Capital Management Inc. (0.21%), ProShare Advisors LLC (0.11%), Mirae Asset Global Investments Co. Ltd. (0.08%), SG Americas Securities LLC (0.07%), Sumitomo Mitsui Trust Holdings Inc. (0.07%) and Robeco Institutional Asset Management B.V. (0.04%). Insiders that own company stock include David J Frear, David Zaslav, Eddy W Hartenstein, Gregory B Maffei, James E Meyer, James P Holden, Patrick L Donnelly, Scott Andrew Greenstein and Thomas D Barry.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sirius XM's stock price today?

One share of SIRI stock can currently be purchased for approximately $6.65.

How much money does Sirius XM make?

Sirius XM (NASDAQ:SIRI) has a market capitalization of $25.90 billion and generates $8.70 billion in revenue each year. The company earns $1.31 billion in net income (profit) each year or $0.31 on an earnings per share basis.

How many employees does Sirius XM have?

Sirius XM employs 5,590 workers across the globe.

Does Sirius XM have any subsidiaries?

The following companies are subsidiares of Sirius XM: Agero, Automatic Labs, Pandora, SXM CVS Canada Inc., Satellite CD Radio LLC, Simplecast, Sirius XM Connected Vehicle Services Holdings Inc., Sirius XM Connected Vehicle Services Inc., Sirius XM Radio Inc., Stitcher, XM 1500 Eckington LLC, XM Emall Inc., XM Investment LLC, and XM Radio LLC.
Read More

When was Sirius XM founded?

Sirius XM was founded in 1990.

How can I contact Sirius XM?

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.

This page (NASDAQ:SIRI) was last updated on 8/8/2022 by MarketBeat.com Staff

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