Royal Bank Of Canada reissued their hold rating on shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in a research report released on Wednesday, October 18th. Royal Bank Of Canada currently has a $6.00 target price on the stock.
Several other research analysts have also issued reports on SIRI. Vetr raised Sirius XM Holdings from a buy rating to a strong-buy rating and set a $6.31 target price for the company in a research report on Monday, August 7th. KeyCorp reissued a hold rating on shares of Sirius XM Holdings in a research report on Friday, August 25th. BidaskClub raised Sirius XM Holdings from a buy rating to a strong-buy rating in a research report on Thursday, August 3rd. Citigroup Inc. lifted their price objective on Sirius XM Holdings from $5.50 to $6.65 and gave the stock a buy rating in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered Sirius XM Holdings from a buy rating to a hold rating in a research report on Monday, July 31st. One investment 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. The stock has a consensus rating of Buy and an average price target of $6.03.
Sirius XM Holdings (NASDAQ SIRI) traded down 1.8925% during midday trading on Wednesday, hitting $5.4744. 9,607,366 shares of the company traded hands. Sirius XM Holdings has a 12-month low of $4.07 and a 12-month high of $5.89. The stock has a market cap of $25.25 billion, a P/E ratio of 32.2024 and a beta of 1.07. The stock has a 50 day moving average of $5.60 and a 200 day moving average of $5.38.
Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. Sirius XM Holdings’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. Equities research analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 8th. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s payout ratio is 22.22%.
Several large investors have recently bought and sold shares of SIRI. Macquarie Group Ltd. raised its holdings in shares of Sirius XM Holdings by 476.2% in the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after purchasing an additional 15,200 shares during the period. Pitcairn Co. raised its holdings in shares of Sirius XM Holdings by 1.3% in the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock worth $102,000 after purchasing an additional 237 shares during the period. Colony Group LLC bought a new stake in shares of Sirius XM Holdings in the 2nd quarter worth approximately $102,000. Toronto Dominion Bank raised its holdings in shares of Sirius XM Holdings by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after purchasing an additional 1,799 shares during the period. Finally, Advisor Partners LLC raised its holdings in shares of Sirius XM Holdings by 103.7% in the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock worth $128,000 after purchasing an additional 11,938 shares during the period. 20.21% of the stock is currently owned by institutional investors.
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.
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