Barrington Research Lowers Earnings Estimates for Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) - Stock analysts at Barrington Research cut their Q4 2024 earnings estimates for Sirius XM in a research note issued to investors on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the company will post earnings of $0.78 per share for the quarter, down from their prior estimate of $0.87. Barrington Research has a "Outperform" rating and a $40.00 price target on the stock. The consensus estimate for Sirius XM's current full-year earnings is $3.04 per share. Barrington Research also issued estimates for Sirius XM's FY2026 earnings at $3.66 EPS.

Several other equities analysts have also recently issued reports on the company. Bank of America reaffirmed an "underperform" rating and set a $23.00 price objective on shares of Sirius XM in a report on Thursday, October 24th. Pivotal Research cut their price target on Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Citigroup increased their price objective on shares of Sirius XM from $2.80 to $21.00 and gave the company a "sell" rating in a research note on Thursday, September 26th. Rosenblatt Securities restated a "neutral" rating and set a $28.00 target price on shares of Sirius XM in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $28.88.

Sirius XM Price Performance

Shares of SIRI stock traded down $0.14 during midday trading on Wednesday, reaching $26.20. 5,093,256 shares of the company traded hands, compared to its average volume of 3,502,966. The firm's 50 day simple moving average is $26.19 and its two-hundred day simple moving average is $29.26. The firm has a market cap of $8.89 billion, a PE ratio of -4.13, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.43. Sirius XM has a 1-year low of $22.18 and a 1-year high of $57.80.

Sirius XM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.27 per share. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Tuesday, November 5th. Sirius XM's dividend payout ratio is presently -17.03%.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the transaction, the insider now owns 110,276,790 shares of the company's stock, valued at approximately $3,024,892,349.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of the stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $27.43 per share, with a total value of $4,815,857.67. Following the completion of the transaction, the insider now owns 110,276,790 shares in the company, valued at approximately $3,024,892,349.70. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Andrew Greenstein sold 144,723 shares of Sirius XM stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $31.60, for a total value of $4,573,246.80. Following the completion of the transaction, the insider now directly owns 98,933 shares in the company, valued at $3,126,282.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 2,646,761 shares of company stock valued at $65,952,329. Insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On Sirius XM

Institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Sirius XM by 2.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,099,258 shares of the company's stock worth $8,145,000 after purchasing an additional 50,323 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Sirius XM by 239.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 181,072 shares of the company's stock valued at $703,000 after buying an additional 127,689 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Sirius XM by 152.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,460 shares of the company's stock valued at $79,000 after buying an additional 12,358 shares during the period. Empowered Funds LLC purchased a new position in Sirius XM in the 1st quarter worth approximately $48,000. Finally, SG Americas Securities LLC boosted its holdings in Sirius XM by 516.5% in the 1st quarter. SG Americas Securities LLC now owns 1,601,048 shares of the company's stock worth $6,212,000 after acquiring an additional 1,341,352 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

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.