Q3 2024 Earnings Estimate for Sirius XM Holdings Inc. Issued By Seaport Res Ptn (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Stock analysts at Seaport Res Ptn lifted their Q3 2024 EPS estimates for Sirius XM in a report released on Monday, September 9th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.60. The consensus estimate for Sirius XM’s current full-year earnings is $3.14 per share. Seaport Res Ptn also issued estimates for Sirius XM’s Q4 2024 earnings at $0.55 EPS, FY2024 earnings at $3.03 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.83 EPS and FY2025 earnings at $3.41 EPS.

SIRI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Sirius XM from $3.75 to $3.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Barrington Research reaffirmed an “outperform” rating and set a $4.75 price objective on shares of Sirius XM in a research note on Monday, July 15th. Guggenheim lowered their target price on shares of Sirius XM from $3.30 to $2.90 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Citigroup lowered shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 price target for the company. in a research report on Thursday, July 25th. Finally, StockNews.com assumed coverage on shares of Sirius XM in a report on Monday, August 19th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.80.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $24.51 on Thursday. Sirius XM has a fifty-two week low of $24.43 and a fifty-two week high of $57.80. The stock has a market cap of $94.28 billion, a PE ratio of 74.27, a price-to-earnings-growth ratio of 0.90 and a beta of 1.08. The stock has a fifty day moving average of $5.15 and a 200-day moving average of $3.93.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Sirius XM had a net margin of 14.56% and a negative return on equity of 52.15%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. purchased a new stake in Sirius XM during the 2nd quarter valued at about $28,000. First PREMIER Bank bought a new stake in Sirius XM during the 1st quarter valued at $31,000. Walker Asset Management LLC purchased a new stake in Sirius XM during the 2nd quarter valued at $33,000. Plato Investment Management Ltd bought a new stake in Sirius XM in the 2nd quarter worth $35,000. Finally, Riverview Capital Advisers LLC purchased a new position in shares of Sirius XM in the second quarter valued at about $35,000. 10.69% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Scott Andrew Greenstein sold 1,447,238 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $3.16, for a total value of $4,573,272.08. Following the completion of the sale, the insider now owns 989,331 shares in the company, valued at approximately $3,126,285.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, August 9th. Sirius XM’s payout ratio is currently 321.21%.

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.