Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at KeyCorp decreased their Q1 2018 earnings estimates for shares of Sirius XM in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst A. Hargreaves now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.04. KeyCorp also issued estimates for Sirius XM’s Q2 2018 earnings at $0.03 EPS and FY2018 earnings at $0.14 EPS.
A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada set a $6.00 price objective on Sirius XM and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research lowered Sirius XM from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Barrington Research lowered Sirius XM from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. lowered Sirius XM from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $5.36 to $5.00 in a research note on Tuesday, January 2nd. Finally, BidaskClub lowered Sirius XM from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.94.
Shares of Sirius XM (NASDAQ:SIRI) opened at $5.48 on Wednesday. Sirius XM has a twelve month low of $4.54 and a twelve month high of $5.89. The firm has a market capitalization of $25,280.00, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the stock. Broadleaf Partners LLC acquired a new position in Sirius XM in the 4th quarter valued at $3,353,000. DnB Asset Management AS raised its holdings in Sirius XM by 23.8% in the 4th quarter. DnB Asset Management AS now owns 237,015 shares of the company’s stock valued at $1,270,000 after acquiring an additional 45,600 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Sirius XM in the 3rd quarter valued at $330,000. California Public Employees Retirement System raised its holdings in Sirius XM by 9.6% in the 3rd quarter. California Public Employees Retirement System now owns 4,167,432 shares of the company’s stock valued at $23,004,000 after acquiring an additional 365,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Sirius XM by 19.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 71,241 shares of the company’s stock valued at $393,000 after acquiring an additional 11,726 shares during the last quarter. Hedge funds and other institutional investors own 19.57% of the company’s stock.
In related news, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the completion of the transaction, the chief executive officer now directly owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the transaction, the executive vice president now owns 227,430 shares of the company’s stock, valued at $1,296,351. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.
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Sirius XM 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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