Sirius XM - SIRI Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SIRI. Citigroup cut their target price on Sirius XM from $7.60 to $7.50 and set a "buy" rating for the company in a research report on Thursday, July 7th. Pivotal Research cut Sirius XM from a "buy" rating to a "hold" rating and cut their target price for the stock from $7.55 to $7.10 in a research report on Monday, August 1st. Finally, StockNews.com cut Sirius XM from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sirius XM has an average rating of "Hold" and an average target price of $6.94.

Sirius XM Trading Down 0.5 %

Shares of Sirius XM stock opened at $6.49 on Friday. The stock has a 50 day moving average of $6.34 and a 200 day moving average of $6.32. Sirius XM has a 12 month low of $5.69 and a 12 month high of $6.88. The firm has a market cap of $25.27 billion, a PE ratio of 20.94, a PEG ratio of 2.24 and a beta of 0.93.

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

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be paid a $0.022 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 4th. Sirius XM's payout ratio is 29.03%.

Insider Activity

In other news, insider Scott Andrew Greenstein sold 1,081,370 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $6.58, for a total value of $7,115,414.60. Following the completion of the sale, the insider now directly owns 7,198,469 shares of the company's stock, valued at approximately $47,365,926.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Patrick L. Donnelly sold 408,274 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was 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 of the company's stock, valued at approximately $5,341,558.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Andrew Greenstein sold 1,081,370 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $6.58, for a total value of $7,115,414.60. Following the sale, the insider now directly owns 7,198,469 shares of the company's stock, valued at $47,365,926.02. The disclosure for this sale can be found here. Insiders sold 1,530,437 shares of company stock valued at $10,136,827 in the last ninety days. Insiders own 0.63% of the company's stock.