Q1 2025 EPS Estimates for Sirius XM Holdings Inc. Reduced by Seaport Res Ptn (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Research analysts at Seaport Res Ptn lowered their Q1 2025 EPS estimates for shares of Sirius XM in a report released on Thursday, October 10th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $0.68 for the quarter, down from their prior forecast of $0.69. The consensus estimate for Sirius XM’s current full-year earnings is $3.25 per share.

Several other analysts have also recently commented on SIRI. StockNews.com started coverage on shares of Sirius XM in a research note on Saturday. They issued a “hold” rating for the company. Evercore ISI upgraded shares of Sirius XM from an “underperform” rating to an “in-line” rating and reduced their price objective for the company from $42.50 to $32.50 in a research note on Monday, June 24th. Rosenblatt Securities raised their price objective on shares of Sirius XM from $3.40 to $28.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Guggenheim upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Sirius XM in a research note on Wednesday, October 9th. They issued an “underweight” rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sirius XM presently has an average rating of “Hold” and a consensus target price of $31.25.

Sirius XM Stock Performance

SIRI stock opened at $26.90 on Monday. Sirius XM has a one year low of $22.18 and a one year high of $57.80. The stock has a market capitalization of $103.47 billion, a PE ratio of 81.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.07. The company has a fifty day moving average of $27.59 and a 200-day moving average of $30.07.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Sirius XM had a net margin of 14.56% and a negative return on equity of 52.15%.

Sirius XM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were paid a $0.266 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.03. This represents a $1.06 annualized dividend and a yield of 3.96%. The ex-dividend date was Friday, August 9th. Sirius XM’s dividend payout ratio is presently 321.21%.

Insider Buying and Selling at Sirius XM

In other news, insider Scott Andrew Greenstein sold 144,723 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $31.60, for a total transaction of $4,573,246.80. Following the completion of the sale, the insider now owns 98,933 shares in the company, valued at approximately $3,126,282.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Berkshire Hathaway Inc bought 869,800 shares of Sirius XM stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average cost 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 approximately $2,496,884,722.95. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Andrew Greenstein sold 144,723 shares of Sirius XM stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $31.60, for a total transaction of $4,573,246.80. Following the sale, the insider now directly owns 98,933 shares in the company, valued at $3,126,282.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.

Institutional Trading of Sirius XM

Several large investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Sirius XM in the 2nd quarter worth about $12,858,000. Cubist Systematic Strategies LLC acquired a new position in shares of Sirius XM in the 2nd quarter valued at about $5,192,000. SG Americas Securities LLC boosted its holdings in shares of Sirius XM by 516.5% in the 1st quarter. SG Americas Securities LLC now owns 1,601,048 shares of the company’s stock valued at $6,212,000 after buying an additional 1,341,352 shares during the period. Marshall Wace LLP acquired a new position in shares of Sirius XM in the 2nd quarter valued at about $3,616,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sirius XM in the 2nd quarter valued at about $3,238,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

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.