Analysts expect that Sirius XM Holdings Inc. (NASDAQ:SIRI) will announce sales of $1.36 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sirius XM Holdings’ earnings, with the lowest sales estimate coming in at $1.36 billion and the highest estimate coming in at $1.37 billion. Sirius XM Holdings reported sales of $1.28 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The business is expected to report its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Sirius XM Holdings will report full year sales of $1.36 billion for the current financial year, with estimates ranging from $5.38 billion to $5.43 billion. For the next year, analysts expect that the business will report sales of $5.72 billion per share, with estimates ranging from $5.68 billion to $5.80 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Sirius XM Holdings.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year.

SIRI has been the subject of several recent analyst reports. Vetr cut shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $5.79 target price for the company. in a report on Monday, June 19th. Bank of America Corporation reiterated a “buy” rating and issued a $5.50 target price on shares of Sirius XM Holdings in a report on Friday, June 16th. Macquarie reiterated a “buy” rating and issued a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a report on Thursday, July 27th. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, BidaskClub cut shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $5.73.

Shares of Sirius XM Holdings (SIRI) traded up 0.18% during mid-day trading on Friday, hitting $5.49. 12,530,064 shares of the company’s stock traded hands. The stock has a market cap of $25.33 billion, a P/E ratio of 32.29 and a beta of 1.11. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.89. The stock has a 50 day moving average price of $5.52 and a 200-day moving average price of $5.19.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. Sirius XM Holdings’s payout ratio is 25.00%.

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Sirius XM Holdings by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 71,552 shares of the company’s stock valued at $368,000 after buying an additional 2,664 shares during the last quarter. UBS Group AG increased its stake in shares of Sirius XM Holdings by 12.1% in the first quarter. UBS Group AG now owns 1,114,285 shares of the company’s stock valued at $5,739,000 after buying an additional 119,915 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Sirius XM Holdings by 220.0% in the first quarter. Daiwa Securities Group Inc. now owns 164,500 shares of the company’s stock valued at $847,000 after buying an additional 113,100 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Sirius XM Holdings by 14.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 4,545,321 shares of the company’s stock valued at $24,863,000 after buying an additional 577,179 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sirius XM Holdings during the first quarter valued at about $770,000. Institutional investors and hedge funds own 22.18% of the company’s stock.

WARNING: “Sirius XM Holdings Inc. (SIRI) Expected to Post Quarterly Sales of $1.36 Billion” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/18/sirius-xm-holdings-inc-siri-expected-to-post-quarterly-sales-of-1-36-billion.html.

About Sirius XM Holdings

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Get a free copy of the Zacks research report on Sirius XM Holdings (SIRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sirius XM Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.