Barrington Research Predicts Weaker Earnings for Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) - Equities research analysts at Barrington Research reduced their FY2026 earnings per share estimates for Sirius XM in a report issued on Friday, December 13th. Barrington Research analyst J. Goss now forecasts that the company will earn $3.29 per share for the year, down from their prior estimate of $3.66. Barrington Research has a "Outperform" rating and a $30.00 price target on the stock. The consensus estimate for Sirius XM's current full-year earnings is ($6.03) per share.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities boosted their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Seaport Res Ptn lowered shares of Sirius XM from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Bank of America reaffirmed an "underperform" rating and set a $23.00 price objective on shares of Sirius XM in a research note on Thursday, October 24th. Benchmark reissued a "buy" rating and issued a $43.00 target price on shares of Sirius XM in a research note on Tuesday, October 15th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $23.00 price target on shares of Sirius XM in a research report on Tuesday, September 24th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $28.27.

Sirius XM Trading Down 6.1 %

Shares of Sirius XM stock traded down $1.47 during trading on Monday, hitting $22.64. 8,286,705 shares of the company were exchanged, compared to its average volume of 3,680,379. The firm has a market capitalization of $7.68 billion, a P/E ratio of -3.80 and a beta of 1.03. The firm's fifty day moving average price is $26.35 and its 200 day moving average price is $28.57. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Sirius XM has a 1-year low of $22.18 and a 1-year high of $56.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC lifted its stake in Sirius XM by 102.8% in the 1st quarter. Cetera Advisors LLC now owns 36,295 shares of the company's stock valued at $141,000 after purchasing an additional 18,401 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Sirius XM in the second quarter valued at approximately $113,000. Towerview LLC bought a new position in shares of Sirius XM during the 2nd quarter worth approximately $57,000. Atomi Financial Group Inc. increased its holdings in shares of Sirius XM by 42.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 26,713 shares of the company's stock worth $76,000 after acquiring an additional 7,964 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Sirius XM by 58.6% during the 2nd quarter. AustralianSuper Pty Ltd now owns 2,442,093 shares of the company's stock worth $6,911,000 after acquiring an additional 902,079 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company's stock.

Insider Transactions at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc bought 869,800 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of $23.55 per share, with a total value of $20,483,790.00. Following the completion of the transaction, the insider now owns 106,024,829 shares in the company, valued at $2,496,884,722.95. The trade was a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired 2,646,761 shares of company stock valued at $65,952,329 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Sirius XM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.77%. This is an increase from Sirius XM's previous quarterly dividend of $0.27. Sirius XM's dividend payout ratio is -17.03%.

About Sirius XM

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.