Sirius XM (SIRI) Receives Coverage Optimism Rating of 0.20

Headlines about Sirius XM (NASDAQ:SIRI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sirius XM earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8858888011031 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

Shares of Sirius XM (NASDAQ:SIRI) traded up $0.08 during mid-day trading on Friday, reaching $6.48. 21,326,633 shares of the company’s stock traded hands, compared to its average volume of 22,249,502. The firm has a market cap of $28,750.00, a price-to-earnings ratio of 46.29, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of -4.42, a quick ratio of 0.16 and a current ratio of 0.17. Sirius XM has a 52 week low of $4.73 and a 52 week high of $6.62.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Sirius XM had a net margin of 11.94% and a negative return on equity of 79.79%. equities research analysts predict that Sirius XM will post 0.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 6th. Sirius XM’s dividend payout ratio is currently 28.57%.

Sirius XM declared that its Board of Directors has authorized a stock buyback program on Tuesday, January 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently commented on SIRI. Deutsche Bank raised shares of Sirius XM from a “hold” rating to a “buy” rating and raised their target price for the company from $5.25 to $6.50 in a research note on Friday, January 19th. BidaskClub downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Barclays lifted their price target on shares of Sirius XM from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. downgraded shares of Sirius XM from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $5.36 to $5.00 in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Sirius XM presently has an average rating of “Buy” and a consensus price target of $6.18.

In other Sirius XM news, EVP Joseph A. Verbrugge sold 863,570 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.10, for a total transaction of $5,267,777.00. Following the completion of the transaction, the executive vice president now directly owns 2,986,689 shares of the company’s stock, valued at approximately $18,218,802.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joan Lordi Amble sold 73,961 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total transaction of $480,746.50. Following the transaction, the director now directly owns 101,174 shares of the company’s stock, valued at $657,631. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,113,308 shares of company stock valued at $6,822,521. 1.06% of the stock is owned by company insiders.

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Sirius XM Company Profile

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Insider Buying and Selling by Quarter for Sirius XM (NASDAQ:SIRI)

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