Barrington Research Forecasts Reduced Earnings for Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities research analysts at Barrington Research dropped their FY2024 earnings per share estimates for shares of Sirius XM in a research note issued on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the company will earn ($5.80) per share for the year, down from their previous forecast of $3.13. Barrington Research currently 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 ($3.98) per share. Barrington Research also issued estimates for Sirius XM’s Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.92 EPS and FY2025 earnings at $3.53 EPS.

Other analysts have also issued reports about the stock. Morgan Stanley restated an “underweight” rating and set a $23.00 price objective on shares of Sirius XM in a research note on Tuesday, September 24th. Bank of America reissued an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. StockNews.com assumed coverage on Sirius XM in a research report on Tuesday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lifted their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Sirius XM from $37.50 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.96.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $26.13 on Thursday. The business has a fifty day moving average price of $25.93 and a 200-day moving average price of $29.21. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.43. The company has a market capitalization of $8.86 billion, a PE ratio of -4.12, a PEG ratio of 1.32 and a beta of 1.04. 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 announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $0.27 dividend. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Tuesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is currently -16.72%.

Insider Activity at Sirius XM

In related news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of Sirius XM stock in a transaction on Friday, October 18th. The stock was acquired at an average price of $27.43 per share, for a total transaction of $4,815,857.67. Following the completion of the transaction, the insider now directly owns 110,276,790 shares in the company, valued at $3,024,892,349.70. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have purchased 2,646,761 shares of company stock worth $65,952,329. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

Hedge funds and other institutional investors have recently modified their holdings of 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 worth $27,000 after buying an additional 624 shares in the last quarter. TCTC Holdings LLC bought a new position in shares of Sirius XM in the third quarter worth about $29,000. Princeton Global Asset Management LLC grew its position in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares in the last quarter. Trium Capital LLP bought a new stake in Sirius XM during the 3rd quarter valued at approximately $50,000. Finally, Nisa Investment Advisors LLC purchased a new position in Sirius XM in the 3rd quarter worth approximately $51,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

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.