Equities research analysts expect Sirius XM Holdings Inc (NASDAQ:SIRI) to announce sales of $1.93 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Sirius XM’s earnings. The highest sales estimate is $1.94 billion and the lowest is $1.92 billion. Sirius XM posted sales of $1.43 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 35%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, July 30th.
According to Zacks, analysts expect that Sirius XM will report full year sales of $7.74 billion for the current fiscal year, with estimates ranging from $7.59 billion to $7.90 billion. For the next financial year, analysts forecast that the firm will post sales of $8.19 billion, with estimates ranging from $7.91 billion to $8.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sirius XM.
Sirius XM (NASDAQ:SIRI) last posted its earnings results on Wednesday, April 24th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). Sirius XM had a net margin of 17.08% and a negative return on equity of 96.85%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis.
Shares of NASDAQ SIRI traded up $0.02 on Wednesday, hitting $6.08. The company’s stock had a trading volume of 20,069,414 shares, compared to its average volume of 27,166,990. Sirius XM has a 12-month low of $5.23 and a 12-month high of $7.29. The stock has a market cap of $28.04 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. The company has a debt-to-equity ratio of 46.63, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50 day simple moving average of $5.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be given a dividend of $0.0121 per share. This represents a $0.05 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, August 8th. Sirius XM’s dividend payout ratio is currently 19.23%.
In related news, Director James P. Holden sold 63,067 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $5.68, for a total value of $358,220.56. Following the completion of the sale, the director now directly owns 248,137 shares of the company’s stock, valued at $1,409,418.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.93% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. National Pension Service grew its holdings in shares of Sirius XM by 6.4% in the 4th quarter. National Pension Service now owns 2,217,167 shares of the company’s stock worth $13,126,000 after purchasing an additional 132,587 shares during the last quarter. Capital Financial Planning LLC bought a new position in shares of Sirius XM during the 4th quarter valued at about $61,000. Williams Jones & Associates LLC bought a new position in shares of Sirius XM during the 1st quarter valued at about $57,000. Pensionmark Financial Group LLC bought a new position in shares of Sirius XM during the 4th quarter valued at about $91,000. Finally, Metropolitan Life Insurance Co NY increased its position in shares of Sirius XM by 26.2% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 125,031 shares of the company’s stock valued at $708,000 after purchasing an additional 25,974 shares during the last quarter. 20.65% of the stock is owned by institutional investors and hedge funds.
Sirius XM Company Profile
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.
Featured Article: What is the definition of arbitrage?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.