Sirius XM Holdings Inc. provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to 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. Its satellite radio systems include satellites, terrestrial repeaters, and other satellite facilities; studios; and radios. Further, the company provides 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; real-time traffic services; and real-time weather services. Additionally, it offers 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. The company also sells satellite radios directly to consumers through its Website, as well as through automakers and retailers. 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.
Industry, Sector and Symbol
Industry Radio broadcasting stations
Sub-IndustryCable & Satellite
SectorConsumer Discretionary
Phone212-584-5100
Debt
Current Ratio0.18
Quick Ratio0.17
Price-To-Earnings
Sales & Book Value
Annual Sales$5.43 billion
Price / Sales4.95
Price / Cash Flow22.77
Price / Book-18.12
Profitability
Net Income$647.90 million
Net Margins15.64%
Return on Assets13.79%
Miscellaneous
Employees2,575
OptionableOptionable
Sirius XM (NASDAQ:SIRI) Frequently Asked Questions
What is Sirius XM's stock symbol?
Sirius XM trades on the NASDAQ under the ticker symbol "SIRI."
How often does Sirius XM pay dividends? What is the dividend yield for Sirius XM?
Sirius XM announced a quarterly dividend on Tuesday, October 9th. Stockholders of record on Friday, November 9th will be paid a dividend of $0.0121 per share on Friday, November 30th. This represents a $0.05 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from Sirius XM's previous quarterly dividend of $0.01. View Sirius XM's Dividend History.
How will Sirius XM's stock buyback program work?
Sirius XM announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th 2018, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's management believes its shares are undervalued.
How were Sirius XM's earnings last quarter?
Sirius XM Holdings Inc (NASDAQ:SIRI) posted its quarterly earnings data on Wednesday, October, 24th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.01. The firm earned $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Sirius XM had a net margin of 15.64% and a negative return on equity of 78.49%. Sirius XM's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. View Sirius XM's Earnings History.
When is Sirius XM's next earnings date?
What guidance has Sirius XM issued on next quarter's earnings?
Sirius XM issued an update on its FY 2018 earnings guidance on Wednesday, October, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.725-5.725 billion, compared to the consensus revenue estimate of $5.76 billion.
What price target have analysts set for SIRI?
13 brokerages have issued 12-month price targets for Sirius XM's stock. Their forecasts range from $5.00 to $9.15. On average, they expect Sirius XM's share price to reach $7.0769 in the next year. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets for Sirius XM.
What is the consensus analysts' recommendation for Sirius XM?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last year. There are currently 3 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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's self-pay subscriber base and new subscriber base are witnessing growth due to strong content portfolio. Additionally, Sirius XM’s partnership with Amazon to provide free access to a few of its subscription packages for existing Echo holders is expected to further boost its subscriber base and their engagement levels. Post Pandora’s acquisition, Sirius XM’s 36 million subscribers across North America and Pandora’s 71.4 million monthly active users (MAUs) together will lead to the creation of the world’s largest audio entertainment company. Moreover, the raised full-year guidance for self-pay subscriber additions, revenues and adjusted EBITDA bodes well. Notably, shares have outperformed the industry on a year-to-date basis. However, increasing royalty related expense is expected to keep margins under pressure. Slowdown in auto sales is also a concern." (12/6/2018)
- 2. Pivotal Research analysts commented, "We remind investors that our relatively cautious stance on SIRI is driven by the Pandora equity deal which changed investor focus on SIRI from a dramatic equity shrink in a relatively short period of time to deals and buybacks over a more extended period, which in our view, brings into play the still arguably rich (at 14X ’19 EBITDA and 18X ’19 FCF after tax) valuation. The reduction in our YE’19 target price $7.25 to $7.00 was driven by 2 factors: we raised our discount rate used in our DCF from 8 to 9% to better reflect the higher interest rate environment and pushed back our assumption for a price increase from ’19 to ’20." (10/24/2018)
- 3. Barrington Research analysts commented, "We had moved to OUTPERFORM on 1 due to the significant potential we expected in the blend of subscription products combined with monetization of the ad-based service. The all-stock acquisition price terms initially indicated a $10.14 per share value for P based on the trailing 30-day average for SIRI, close to our price target of $11 and 50% above our upgrade price. However, the announced price was also only 13.8% above the 30-day VWAP, indicating a belief that a significant share of the price arbitrage between the equities had occurred in recent trading. We are maintaining our top investment rating on SIRI, though news of the deal has pressured its shares lower. Since P should trade in relationship with SIRI, we maintain our investment rating on P as well." (9/24/2018)
Has Sirius XM been receiving favorable news coverage?
News articles about SIRI stock have trended very positive on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Sirius XM earned a news impact score of 3.9 on InfoTrie's scale. They also gave headlines 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 company's share price in the near future.
Are investors shorting Sirius XM?
Sirius XM saw a increase in short interest in December. As of December 31st, there was short interest totalling 235,979,908 shares, an increase of 10.2% from the December 14th total of 214,099,196 shares. Based on an average trading volume of 23,770,310 shares, the days-to-cover ratio is currently 9.9 days. Approximately 19.6% of the shares of the company are sold short. View Sirius XM's Current Options Chain.
Who are some of Sirius XM's key competitors?
Some companies that are related to Sirius XM include Tencent Music Entertainment Group (TME), Pandora Media (P), Entercom Communications (ETM), Corus Entertainment (CJREF), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), Townsquare Media (TSQ), Urban One (UONE), Urban One (UONEK), Salem Media Group (SALM), Emmis Communications (EMMS), iHeartMedia (IHRTQ), CUR Media (CURM) and Spanish Broadcasting System (SBSAA).
Who are Sirius XM's key executives?
Sirius XM's management team includes the folowing people:
- Mr. James E. Meyer, CEO & Director (Age 63)
- Mr. Scott A. Greenstein, Pres & Chief Content Officer (Age 58)
- Mr. David J. Frear, Sr. EVP & CFO (Age 61)
- Mr. Stephen R. Cook, Exec. VP of Sales & Automotive (Age 62)
- Ms. Jennifer C. Witz, Chief Marketing Officer & Exec. VP (Age 49)
Who are Sirius XM's major shareholders?
Sirius XM's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.03%), Broadleaf Partners LLC (0.01%), Gulf International Bank UK Ltd (0.01%), State of Alaska Department of Revenue (0.01%), DNB Asset Management AS (0.00%) and TrimTabs Asset Management LLC (0.00%). Company insiders that own Sirius XM stock include Dara F Altman, David J Frear, James E Meyer, James Mooney, Joan Lordi Amble, Joseph A Verbrugge, Patrick L Donnelly, Stephen Cook and Thomas D Barry. View Institutional Ownership Trends for Sirius XM.
Which institutional investors are selling Sirius XM stock?
SIRI stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, DNB Asset Management AS, CENTRAL TRUST Co, Winthrop Advisory Group LLC and Steward Partners Investment Advisory LLC. Company insiders that have sold Sirius XM company stock in the last year include Dara F Altman, David J Frear, James Mooney, Joan Lordi Amble, Joseph A Verbrugge, Stephen Cook and Thomas D Barry. View Insider Buying and Selling for Sirius XM.
Which institutional investors are buying Sirius XM stock?
SIRI stock was purchased by a variety of institutional investors in the last quarter, including TrimTabs Asset Management LLC, Broadleaf Partners LLC, First United Bank Trust, State of Alaska Department of Revenue and Gateway Investment Advisers LLC. View Insider Buying and Selling 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, Scottrade, 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 $26.73 billion and generates $5.43 billion in revenue each year. The company earns $647.90 million in net income (profit) each year or $0.20 on an earnings per share basis. Sirius XM employs 2,575 workers across the globe.
What is Sirius XM's official website?
How can I contact Sirius XM?
Sirius XM's mailing address is 1290 Avenue of the Americas 11th Floor, NEW YORK NY, 10104. The company can be reached via phone at 212-584-5100 or via email at [email protected]
MarketBeat Community Rating for Sirius XM (NASDAQ SIRI)
MarketBeat's community ratings are surveys of what our community members think about Sirius XM and other stocks. Vote "Outperform" if you believe SIRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
