Sirius XM - SIRI Stock Forecast, Price & News

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.

7 equities research analysts have issued 12 month price objectives for Sirius XM's stock. Their SIRI share price forecasts range from $6.00 to $8.00. On average, they anticipate the company's stock price to reach $6.94 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
View analysts price targets for SIRI or view top-rated stocks among Wall Street analysts.

Sirius XM's stock was trading at $6.35 at the start of the year. Since then, SIRI stock has decreased by 8.5% and is now trading at $5.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SIRI earnings forecast.

Sirius XM Holdings Inc. (NASDAQ:SIRI) released its quarterly earnings data on Thursday, July, 28th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The company earned $2.25 billion during the quarter, compared to analyst estimates 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%. The business'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.

Sirius XM declared a quarterly dividend on Thursday, July 14th. Stockholders 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 dividend yield of 1.51%. The ex-dividend date is Thursday, August 4th.
Read our dividend analysis for SIRI.

Sirius XM (NASDAQ:SIRI) pays an annual dividend of $0.09 per share and currently has a dividend yield of 1.55%. 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 25.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIRI.

Sirius XM announced that its Board of Directors has authorized a stock repurchase program on Monday, July 19th 2021, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Sirius XM issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided 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.

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.

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).

Sirius XM trades on the NASDAQ under the ticker symbol "SIRI."

Sirius XM's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (0.66%), Goldman Sachs Group Inc. (0.34%), Northern Trust Corp (0.33%), Victory Capital Management Inc. (0.21%), California Public Employees Retirement System (0.16%) and Legal & General Group Plc (0.15%). 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.
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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.
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One share of SIRI stock can currently be purchased for approximately $5.81.

Sirius XM (NASDAQ:SIRI) has a market capitalization of $22.63 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.

The company employs 5,590 workers across the globe.

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.