Sirius XM (SIRI) to Release Earnings on Thursday

Sirius XM (NASDAQ:SIRI - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2.17 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Sirius XM Trading Up 0.8 %

Shares of NASDAQ:SIRI traded up $0.17 during trading on Tuesday, reaching $22.06. The company's stock had a trading volume of 4,026,477 shares, compared to its average volume of 4,729,391. The stock has a market capitalization of $7.48 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM has a 12 month low of $20.47 and a 12 month high of $53.50. The firm's 50 day simple moving average is $23.85 and its two-hundred day simple moving average is $27.11. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Sirius XM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 annualized dividend and a dividend yield of 4.90%. Sirius XM's dividend payout ratio (DPR) is presently -17.03%.

Analyst Ratings Changes

A number of analysts have weighed in on SIRI shares. JPMorgan Chase & Co. increased their target price on Sirius XM from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Pivotal Research decreased their price objective on shares of Sirius XM from $40.00 to $37.00 and set a "buy" rating for the company in a report on Friday, November 1st. The Goldman Sachs Group lowered their price objective on shares of Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Morgan Stanley decreased their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America reiterated an "underperform" rating and issued a $23.00 price target on shares of Sirius XM in a report on Thursday, October 24th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.42.

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.