Wall Street brokerages expect Sirius XM Holdings Inc (NASDAQ:SIRI) to announce earnings per share (EPS) of $0.05 for the current quarter, Zacks reports. Five analysts have provided estimates for Sirius XM’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.06. Sirius XM posted earnings of $0.06 per share during the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, July 30th.

On average, analysts expect that Sirius XM will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.24. For the next year, analysts forecast that the company will post earnings of $0.26 per share, with EPS estimates ranging from $0.24 to $0.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Sirius XM.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Sirius XM had a net margin of 17.08% and a negative return on equity of 96.85%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share.

Several equities research analysts recently issued reports on SIRI shares. Credit Suisse Group lowered Air China from a “neutral” rating to an “underperform” rating in a research report on Monday, June 10th. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Barrington Research restated a “buy” rating and set a $8.00 price objective on shares of Sirius XM in a research note on Wednesday, April 24th. BidaskClub downgraded Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Sirius XM currently has an average rating of “Buy” and a consensus price target of $7.29.

In related news, Director James P. Holden sold 63,067 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $5.68, for a total transaction of $358,220.56. Following the completion of the transaction, the director now directly owns 248,137 shares in the company, valued at approximately $1,409,418.16. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.93% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SIRI. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Sirius XM by 0.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 6,777,414 shares of the company’s stock valued at $37,818,000 after purchasing an additional 32,642 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Sirius XM during the second quarter valued at $364,000. Genesee Capital Advisors LLC purchased a new stake in shares of Sirius XM during the second quarter valued at $101,000. Fox Run Management L.L.C. purchased a new stake in shares of Sirius XM during the second quarter valued at $102,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of Sirius XM by 2,942.0% during the second quarter. NEXT Financial Group Inc now owns 9,126 shares of the company’s stock valued at $51,000 after purchasing an additional 8,826 shares during the last quarter. Hedge funds and other institutional investors own 20.65% of the company’s stock.

Shares of SIRI stock traded up $0.02 on Monday, hitting $6.06. 16,008,648 shares of the stock traded hands, compared to its average volume of 22,092,208. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 46.63. The company has a market cap of $27.92 billion, a P/E ratio of 23.31, a PEG ratio of 2.73 and a beta of 1.03. Sirius XM has a 1-year low of $5.23 and a 1-year high of $7.29. The stock’s fifty day moving average is $5.67.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be paid a dividend of $0.0121 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.05 dividend on an annualized basis and a yield of 0.80%. Sirius XM’s payout ratio is currently 19.23%.

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.

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

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