Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at Barrington Research cut their Q4 2017 earnings estimates for Sirius XM Holdings in a research note issued to investors on Tuesday. Barrington Research analyst J. Goss now expects that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.05. Barrington Research also issued estimates for Sirius XM Holdings’ Q2 2018 earnings at $0.05 EPS, FY2018 earnings at $0.21 EPS and FY2019 earnings at $0.26 EPS.

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

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Several other analysts have also recently issued reports on SIRI. Zacks Investment Research raised Sirius XM Holdings from a “sell” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Friday, October 27th. Gabelli upped their price objective on Sirius XM Holdings from $4.75 to $6.10 and gave the stock a “buy” rating in a report on Thursday, October 26th. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 price objective on the stock in a report on Monday, August 7th. KeyCorp reaffirmed a “hold” rating on shares of Sirius XM Holdings in a report on Friday, August 25th. Finally, BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Sirius XM Holdings currently has a consensus rating of “Buy” and a consensus target price of $6.01.

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in Sirius XM Holdings by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 361,743 shares of the company’s stock valued at $1,979,000 after acquiring an additional 63,445 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Sirius XM Holdings by 17.2% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 533,483 shares of the company’s stock valued at $2,918,000 after acquiring an additional 78,260 shares during the last quarter. Legal & General Group Plc grew its position in Sirius XM Holdings by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 7,628,218 shares of the company’s stock valued at $41,726,000 after acquiring an additional 111,962 shares during the last quarter. Engineers Gate Manager LP grew its position in Sirius XM Holdings by 603.6% in the 2nd quarter. Engineers Gate Manager LP now owns 97,890 shares of the company’s stock valued at $535,000 after acquiring an additional 83,978 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its position in Sirius XM Holdings by 14.5% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 4,545,321 shares of the company’s stock valued at $24,863,000 after acquiring an additional 577,179 shares during the last quarter. 20.38% of the stock is currently owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend 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 is 22.22%.

Sirius XM Holdings 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.

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

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