Q2 2024 EPS Estimates for Sirius XM Holdings Inc. (NASDAQ:SIRI) Decreased by Barrington Research

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Barrington Research lowered their Q2 2024 earnings per share estimates for shares of Sirius XM in a research report issued on Tuesday, April 23rd. Barrington Research analyst J. Goss now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.08. The consensus estimate for Sirius XM’s current full-year earnings is $0.29 per share. Barrington Research also issued estimates for Sirius XM’s Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.35 EPS and FY2026 earnings at $0.35 EPS.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion.

Several other research analysts have also weighed in on the company. StockNews.com began coverage on Sirius XM in a research report on Sunday, April 21st. They issued a “hold” rating for the company. Wells Fargo & Company decreased their target price on Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research report on Monday, April 1st. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and decreased their target price for the company from $4.10 to $3.30 in a research report on Wednesday. Pivotal Research raised Sirius XM from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.05 to $4.90 in a research report on Wednesday. Finally, Guggenheim began coverage on Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.67.

Sirius XM Trading Down 4.4 %

SIRI stock opened at $3.02 on Wednesday. The stock has a 50-day moving average price of $3.89 and a 200-day moving average price of $4.61. Sirius XM has a 1-year low of $2.98 and a 1-year high of $7.95. The firm has a market cap of $11.62 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 3.52%. Sirius XM’s dividend payout ratio (DPR) is currently 31.25%.

Insider Buying and Selling at Sirius XM

In other news, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

A number of hedge funds have recently modified their holdings of SIRI. AE Wealth Management LLC raised its holdings in shares of Sirius XM by 9.2% in the 3rd quarter. AE Wealth Management LLC now owns 93,104 shares of the company’s stock worth $421,000 after purchasing an additional 7,837 shares during the period. HB Wealth Management LLC raised its holdings in shares of Sirius XM by 27.3% in the 3rd quarter. HB Wealth Management LLC now owns 14,740 shares of the company’s stock worth $67,000 after purchasing an additional 3,163 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Sirius XM in the 3rd quarter worth approximately $282,000. Handelsbanken Fonder AB raised its holdings in shares of Sirius XM by 16.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 144,166 shares of the company’s stock worth $652,000 after purchasing an additional 19,832 shares during the period. Finally, Clarius Group LLC bought a new stake in shares of Sirius XM in the 3rd quarter worth approximately $52,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.