Wall Street analysts expect Sirius XM Holdings Inc. (NASDAQ:SIRI) to announce sales of $1.39 billion for the current quarter, according to Zacks. Four analysts have made estimates for Sirius XM Holdings’ earnings. The highest sales estimate is $1.40 billion and the lowest is $1.38 billion. Sirius XM Holdings reported sales of $1.30 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is expected to announce its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Sirius XM Holdings will report full-year sales of $1.39 billion for the current fiscal year, with estimates ranging from $5.38 billion to $5.43 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.73 billion per share, with estimates ranging from $5.70 billion to $5.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Sirius XM Holdings.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis.

Several brokerages recently weighed in on SIRI. Vetr lowered Sirius XM Holdings from a “strong-buy” rating to a “hold” rating and set a $6.06 price objective for the company. in a report on Monday, July 31st. Zacks Investment Research upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Thursday. Macquarie restated a “buy” rating and issued a $6.00 target price (up previously from $5.65) on shares of Sirius XM Holdings in a research note on Thursday, July 27th. Pivotal Research restated a “buy” rating and issued a $6.80 target price (up previously from $6.25) on shares of Sirius XM Holdings in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $6.00 target price on shares of Sirius XM Holdings in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Sirius XM Holdings currently has an average rating of “Buy” and a consensus target price of $6.01.

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Several institutional investors and hedge funds have recently modified their holdings of SIRI. Arrowstreet Capital Limited Partnership boosted its position in shares of Sirius XM Holdings by 119.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after acquiring an additional 18,694,885 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Sirius XM Holdings by 3,767.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock valued at $49,953,000 after acquiring an additional 8,896,209 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Sirius XM Holdings by 925.9% during the 2nd quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock valued at $20,807,000 after acquiring an additional 3,432,999 shares during the last quarter. Marshall Wace North America L.P. boosted its position in shares of Sirius XM Holdings by 535.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 3,404,647 shares of the company’s stock valued at $17,023,000 after acquiring an additional 2,868,784 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Sirius XM Holdings by 22.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after buying an additional 2,436,197 shares in the last quarter. Hedge funds and other institutional investors own 20.38% of the company’s stock.

Shares of Sirius XM Holdings (NASDAQ:SIRI) traded down $0.14 on Wednesday, reaching $5.30. The company had a trading volume of 16,707,431 shares, compared to its average volume of 15,965,344. Sirius XM Holdings has a 52 week low of $4.11 and a 52 week high of $5.89. The stock has a market cap of $24,357.85, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.71 and a beta of 1.13. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, November 8th. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio (DPR) is 22.22%.

About Sirius XM Holdings

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.

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Earnings History and Estimates for Sirius XM Holdings (NASDAQ:SIRI)

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