Free Trial

FY2024 EPS Estimates for Sirius XM Raised by Seaport Res Ptn

Sirius XM logo with Consumer Discretionary background

Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) - Seaport Res Ptn lifted their FY2024 earnings per share estimates for shares of Sirius XM in a research report issued on Tuesday, December 10th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will earn ($6.39) per share for the year, up from their prior estimate of ($6.55). Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Sirius XM's current full-year earnings is ($6.03) per share. Seaport Res Ptn also issued estimates for Sirius XM's Q4 2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.66 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $2.56 EPS and FY2026 earnings at $2.77 EPS.

Other equities research analysts have also issued research reports about the stock. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Sirius XM in a report on Wednesday. Citigroup increased their price target 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. JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. StockNews.com initiated coverage on Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating on the stock. Finally, The Goldman Sachs Group lowered their target price on Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sirius XM presently has a consensus rating of "Hold" and an average price target of $28.27.

Get Our Latest Stock Report on Sirius XM

Sirius XM Price Performance

Shares of SIRI stock traded down $0.70 during trading hours on Friday, hitting $24.11. 5,552,225 shares of the company's stock were exchanged, compared to its average volume of 3,661,209. Sirius XM has a 52 week low of $22.18 and a 52 week high of $57.80. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of -3.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock's 50-day moving average is $26.32 and its 200-day moving average is $28.58.

Hedge Funds Weigh In On Sirius XM

A number of large investors have recently added to or reduced their stakes in the company. Coston McIsaac & Partners increased its stake in Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after buying an additional 624 shares during the last quarter. TCTC Holdings LLC bought a new position in shares of Sirius XM in the 3rd quarter valued at about $29,000. Bfsg LLC increased its position in shares of Sirius XM by 35.3% in the third quarter. Bfsg LLC now owns 4,735 shares of the company's stock valued at $112,000 after acquiring an additional 1,235 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in Sirius XM by 2,683.7% in the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company's stock valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Sirius XM by 139.8% during the 3rd quarter. Larson Financial Group LLC now owns 3,187 shares of the company's stock worth $75,000 after purchasing an additional 1,858 shares during the last quarter. Institutional investors own 10.69% of the company's stock.

Insider Transactions at Sirius XM

In other Sirius XM news, major shareholder Berkshire Hathaway Inc acquired 869,800 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The stock was acquired at an average cost of $23.55 per share, for a total transaction of $20,483,790.00. Following the transaction, the insider now owns 106,024,829 shares of the company's stock, valued at $2,496,884,722.95. This trade represents a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 2,646,761 shares of company stock valued at $65,952,329 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

Sirius XM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This is a positive change from Sirius XM's previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.48%. Sirius XM's dividend payout ratio (DPR) is -17.03%.

Sirius XM Company Profile

(Get Free Report)

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.

Read More

Earnings History and Estimates for Sirius XM (NASDAQ:SIRI)

Should you invest $1,000 in Sirius XM right now?

Before you consider Sirius XM, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.

While Sirius XM currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines