Barrington Research Cuts Earnings Estimates for Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Analysts at Barrington Research cut their FY2025 earnings per share estimates for Sirius XM in a research note issued on Wednesday, October 22nd. Barrington Research analyst P. Sholl now forecasts that the company will post earnings of $2.69 per share for the year, down from their prior estimate of $2.72. Barrington Research has a “Outperform” rating and a $28.00 price objective on the stock. The consensus estimate for Sirius XM’s current full-year earnings is $3.20 per share.

A number of other equities research analysts also recently issued reports on SIRI. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Rosenblatt Securities boosted their price target on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Wells Fargo & Company lowered their price target on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Guggenheim reaffirmed a “buy” rating and issued a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sirius XM in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Sirius XM presently has an average rating of “Hold” and an average target price of $24.89.

Sirius XM Price Performance

SIRI stock opened at $21.75 on Thursday. The stock has a 50-day moving average price of $22.87 and a two-hundred day moving average price of $22.31. Sirius XM has a 12-month low of $18.69 and a 12-month high of $29.18. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.32 billion, a PE ratio of -3.22, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm posted $0.80 EPS. Sirius XM’s revenue was down 1.8% on a year-over-year basis. Sirius XM has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIRI. AQR Capital Management LLC lifted its stake in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock worth $117,327,000 after acquiring an additional 3,233,922 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Sirius XM by 661.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock worth $80,630,000 after acquiring an additional 3,107,313 shares in the last quarter. Norges Bank acquired a new position in shares of Sirius XM in the second quarter worth about $43,152,000. LSV Asset Management lifted its stake in shares of Sirius XM by 41.5% in the first quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock worth $72,094,000 after acquiring an additional 937,500 shares in the last quarter. Finally, Man Group plc acquired a new position in shares of Sirius XM in the second quarter worth about $19,708,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, November 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 5.0%. Sirius XM’s payout ratio is -16.00%.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.