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.
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Industry, Sector and Symbol
Industry Radio broadcasting stations
Sub-IndustryCable & Satellite
SectorConsumer Discretionary
Phone212-584-5100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$5.77 billion
Profitability
Miscellaneous
Employees2,699
Next Earnings Date10/23/2019 (Estimated)
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 declared a quarterly dividend on Tuesday, July 16th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.0121 per share on Friday, August 30th. This represents a $0.05 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 8th. View Sirius XM's Dividend History.
How will Sirius XM's stock buyback program work?
Sirius XM declared that its board has initiated a stock buyback plan on Tuesday, January 29th 2019, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Sirius XM's earnings last quarter?
Sirius XM Holdings Inc (NASDAQ:SIRI) announced its earnings results on Tuesday, July, 30th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm earned $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The business's revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 2019 earnings guidance on Tuesday, July, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7.8-7.8 billion, compared to the consensus revenue estimate of $7.71 billion.
What price target have analysts set for SIRI?
10 brokerages have issued 1 year price targets for Sirius XM's shares. Their forecasts range from $6.00 to $9.15. On average, they anticipate Sirius XM's stock price to reach $7.4188 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for Sirius XM.
What is the consensus analysts' recommendation for Sirius XM?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. 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)
- 2. According to Zacks Investment Research, "Sirius XM’s revenues in first-quarter 2019 benefited from the acquisition of Pandora, growth in subscriber base and higher average revenue per user (ARPU). Pandora’s revenues and subscriber base were also higher than the year-ago period. Notably, Pandora’s ad revenues witnessed record growth for the first quarter. This growth is expected to continue in the near term owing to Sirius XM’s efforts to boost advertisers reach. Additionally, the company’s strategy to tap users outside the automobile market with the launch of a streaming-only package, Essential, is likely to drive revenues in the near term. Moreover, increasing adoption of Sirius XM’s 360L platform among automakers like General Motors is a positive. However, the company’s profitability took a hit owing to costs associated with Pandora acquisition and higher tax rate. Also, shares have underperformed the industry over the past year." (5/6/2019)
- 3. Barrington Research analysts commented, "We reaffirm our OUTPERFORM investment rating and $8 price target: Sirius XM continues to offer an excellent business model with solid organic revenue trajectory and cash generation, with more opportunities to reach consumers through the Pandora acquisition. Strong cash flow supports additional share repurchases, on which management is being aggressive, and the $0.0484 annual dividend." (4/24/2019)
Has Sirius XM been receiving favorable news coverage?
Headlines about SIRI stock have trended positive this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sirius XM earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near term. View News Stories for Sirius XM.
Are investors shorting Sirius XM?
Sirius XM saw a increase in short interest during the month of July. As of July 15th, there was short interest totalling 195,622,300 shares, an increase of 6.4% from the June 15th total of 183,847,700 shares. Based on an average daily trading volume, of 25,550,000 shares, the short-interest ratio is currently 7.7 days. Currently, 12.5% of the company's shares 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 Spotify Technology (SPOT), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Entercom Communications (ETM), Cumulus Media (CMLS), Townsquare Media (TSQ), iHeartMedia (IHRTQ), Beasley Broadcast Group (BBGI), Urban One (UONE), Urban One (UONEK), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Salem Media Group (SALM), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).
What other stocks do shareholders of Sirius XM own?
Who are Sirius XM's key executives?
Sirius XM's management team includes the folowing 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)
Who are Sirius XM's major shareholders?
Sirius XM's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.66%), BlackRock Inc. (2.66%), Vanguard Group Inc. (1.96%), Invesco Ltd. (1.10%), Zimmer Partners LP (0.74%) and Eagle Asset Management Inc. (0.34%). Company insiders that own Sirius XM stock include Dara F Altman, David J Frear, James Arthur Cady, James E Meyer, James Mooney, James P Holden, Jennifer C Witz, 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 Renaissance Technologies LLC, Zimmer Partners LP, BlackRock Inc., BlackRock Inc., UBS Group AG, Marshall Wace LLP, Schroder Investment Management Group and Schroder Investment Management Group. Company insiders that have sold Sirius XM company stock in the last year include James Arthur Cady, James P Holden, Jennifer C Witz, 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 Invesco Ltd., Nuveen Asset Management LLC, Jane Street Group LLC, California Public Employees Retirement System, OMERS ADMINISTRATION Corp, United Capital Financial Advisers LLC, Envestnet Asset Management Inc. and WINTON GROUP Ltd. 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 $5.99.
How big of a company is Sirius XM?
Sirius XM has a market capitalization of $26.65 billion and generates $5.77 billion in revenue each year. The company earns $1.18 billion in net income (profit) each year or $0.26 on an earnings per share basis. Sirius XM employs 2,699 workers across the globe.View Additional Information About Sirius XM.
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.
