Sirius XM (SIRI) to Release Earnings on Wednesday

Sirius XM (NASDAQ:SIRI) will be releasing its earnings data before the market opens on Wednesday, January 31st. Analysts expect Sirius XM to post earnings of $0.05 per share for the quarter.

Sirius XM (SIRI) opened at $5.98 on Monday. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. Sirius XM has a 1 year low of $4.67 and a 1 year high of $6.28. The firm has a market cap of $26,520.00, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12.

Sirius XM declared that its board has authorized a share buyback plan on Tuesday, January 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, February 6th. Sirius XM’s dividend payout ratio (DPR) is 22.22%.

A number of research firms have weighed in on SIRI. Deutsche Bank upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.25 to $6.50 in a research report on Friday, January 19th. Gabelli boosted their price objective on shares of Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub cut shares of Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. cut shares of Sirius XM from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $5.36 to $5.00 in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.02.

In other news, CEO James E. Meyer sold 172,704 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the transaction, the chief executive officer now directly owns 3,377,085 shares in the company, valued at $19,181,842.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the completion of the transaction, the executive vice president now owns 227,430 shares in the company, valued at $1,296,351. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.

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About Sirius XM

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 for Sirius XM (NASDAQ:SIRI)

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