Wall Street analysts predict that Sirius XM Holdings Inc. (NASDAQ:SIRI) will announce sales of $1.39 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sirius XM Holdings’ earnings, with the lowest sales estimate coming in at $1.38 billion and the highest estimate coming in at $1.40 billion. Sirius XM Holdings posted sales of $1.30 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The firm is scheduled to report its next earnings results on Thursday, February 1st.

On average, analysts expect that Sirius XM Holdings will report full year sales of $1.39 billion for the current fiscal year, with estimates ranging from $5.38 billion to $5.43 billion. For the next financial year, analysts expect that the firm will report sales of $5.73 billion per share, with estimates ranging from $5.70 billion to $5.79 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Sirius XM Holdings.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS.

Several brokerages recently weighed in on SIRI. Zacks Investment Research cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr lowered shares of Sirius XM Holdings from a “strong-buy” rating to a “hold” rating and set a $6.06 price target on the stock. in a research note on Monday, July 31st. 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 note on Thursday, July 27th. Pivotal Research reiterated a “buy” rating and issued a $6.80 price target (up from $6.25) on shares of Sirius XM Holdings in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price target on shares of Sirius XM Holdings in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $6.03.

Several institutional investors and hedge funds have recently made changes to their positions in SIRI. Ameriprise Financial Inc. grew its position in shares of Sirius XM Holdings by 0.8% during the first quarter. Ameriprise Financial Inc. now owns 225,013 shares of the company’s stock worth $1,159,000 after acquiring an additional 1,753 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Sirius XM Holdings by 3.6% during the first quarter. Teachers Advisors LLC now owns 1,683,130 shares of the company’s stock worth $8,668,000 after acquiring an additional 58,924 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Sirius XM Holdings by 51.6% during the first quarter. PNC Financial Services Group Inc. now owns 111,647 shares of the company’s stock worth $574,000 after acquiring an additional 38,013 shares during the last quarter. Morgan Stanley grew its position in shares of Sirius XM Holdings by 52.9% during the first quarter. Morgan Stanley now owns 3,909,839 shares of the company’s stock worth $20,136,000 after acquiring an additional 1,353,136 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Sirius XM Holdings by 8.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,506,585 shares of the company’s stock worth $23,209,000 after acquiring an additional 353,821 shares during the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend 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 dividend yield of 0.81%. Sirius XM Holdings’s dividend payout ratio (DPR) is 22.22%.

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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