Sirius XM - SIRI Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 3 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.

10 equities research analysts have issued 12 month target prices for Sirius XM's stock. Their SIRI share price forecasts range from $4.80 to $7.00. On average, they predict the company's share price to reach $5.77 in the next year. This suggests a possible upside of 53.9% 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 $5.84 on January 1st, 2023. Since then, SIRI stock has decreased by 35.8% and is now trading at $3.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our SIRI earnings forecast.

Sirius XM Holdings Inc. (NASDAQ:SIRI) issued its quarterly earnings results on Thursday, February, 2nd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm earned $2.28 billion during the quarter, compared to analysts' expectations of $2.31 billion. Sirius XM had a negative trailing twelve-month return on equity of 35.45% and a net margin of 13.48%. Sirius XM's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share.

Sirius XM announced a quarterly dividend on Wednesday, January 25th. Shareholders of record on Thursday, February 9th will be paid a dividend of $0.0242 per share on Friday, February 24th. This represents a $0.10 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, February 8th. This is a boost from the stock's previous quarterly dividend of $0.02.
Read our dividend analysis for SIRI.

ETFs with the largest weight of Sirius XM (NASDAQ:SIRI) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Procure Space ETF (UFO), First Trust NASDAQ 100 Equal Weighted Index Fund (QQEW), Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE), Motley Fool Next Index ETF (TMFX), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT), VanEck Morningstar SMID Moat ETF (SMOT) and Adasina Social Justice All Cap Global ETF (JSTC).

Sirius XM (NASDAQ:SIRI) pays an annual dividend of $0.10 per share and currently has a dividend yield of 2.57%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SIRI will have a dividend payout ratio of 31.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SIRI.

Sirius XM declared that its board has initiated a share repurchase plan on Monday, July 19th 2021, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Sirius XM updated its FY 2023 earnings guidance on Thursday, February, 2nd. 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 $9.29 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 a number of retail and institutional investors. Top institutional investors include Geode Capital Management LLC (0.41%), Victory Capital Management Inc. (0.27%), Victory Capital Management Inc. (0.27%), Victory Capital Management Inc. (0.26%), Morgan Stanley (0.17%) and California Public Employees Retirement System (0.14%). Insiders that own company stock include Eddy W Hartenstein, Gregory B Maffei, James E Meyer, James P Holden, Kristina Salen, 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 $3.75.

Sirius XM (NASDAQ:SIRI) has a market capitalization of $14.59 billion and generates $9.00 billion in revenue each year. The company earns $1.21 billion in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 5,869 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.