Wall Street brokerages expect that Sirius XM Holdings Inc. (NASDAQ:SIRI) will report earnings per share of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sirius XM Holdings’ earnings. The highest EPS estimate is $0.05 and the lowest is $0.04. Sirius XM Holdings also posted earnings per share of $0.04 in the same quarter last year. The company is scheduled to report its next earnings report on Thursday, October 26th.

On average, analysts expect that Sirius XM Holdings will report full year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.17 to $0.18. For the next financial year, analysts anticipate that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.23. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Sirius XM Holdings.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year.

SIRI has been the subject of a number of recent analyst reports. Vetr upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.79 price target for the company in a research report on Monday, June 12th. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada initiated coverage on shares of Sirius XM Holdings in a research report on Friday, September 15th. They issued a “sector perform” rating and a $6.00 price target for the company. Finally, Macquarie reiterated a “buy” rating and issued a $6.00 price target (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Sirius XM Holdings currently has an average rating of “Buy” and a consensus price target of $5.83.

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Sirius XM Holdings (NASDAQ:SIRI) traded down 1.22% on Tuesday, hitting $5.65. 10,084,730 shares of the stock were exchanged. Sirius XM Holdings has a 12 month low of $4.05 and a 12 month high of $5.89. The company has a 50-day moving average of $5.57 and a 200-day moving average of $5.33. The stock has a market cap of $26.06 billion, a price-to-earnings ratio of 33.24 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. The ex-dividend date is Wednesday, November 8th. This is a positive change from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a yield of 0.78%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 25.00%.

Several hedge funds and other institutional investors have recently modified their holdings of SIRI. BlackRock Inc. grew its stake in shares of Sirius XM Holdings by 3,534.6% during the 1st quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after purchasing an additional 79,871,880 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Sirius XM Holdings by 119.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock worth $188,025,000 after purchasing an additional 18,694,885 shares during the period. Janus Henderson Group PLC grew its stake in shares of Sirius XM Holdings by 3,767.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock worth $49,953,000 after purchasing an additional 8,896,209 shares during the period. FMR LLC grew its stake in shares of Sirius XM Holdings by 12.8% during the 1st quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after purchasing an additional 4,772,837 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Sirius XM Holdings by 925.9% during the 2nd quarter. Principal Financial Group Inc. now owns 3,803,755 shares of the company’s stock worth $20,807,000 after purchasing an additional 3,432,999 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Holdings Company Profile

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.

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

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