Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at KeyCorp boosted their Q1 2018 earnings estimates for shares of Sirius XM in a research note issued to investors on Wednesday. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.03. KeyCorp also issued estimates for Sirius XM’s Q2 2018 earnings at $0.05 EPS and FY2018 earnings at $0.22 EPS.

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

A number of other research firms have also commented on SIRI. BidaskClub upgraded shares of Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Bank of America set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th. Pivotal Research restated a “buy” rating and set a $6.80 price target (up from $6.25) on shares of Sirius XM in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada restated a “hold” rating and set a $6.00 price target on shares of Sirius XM in a research report on Wednesday, October 18th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.94.

Sirius XM (SIRI) opened at $5.48 on Monday. The company has a market cap of $25,190.00, a price-to-earnings ratio of 30.44, a PEG ratio of 1.56 and a beta of 1.12. The company has a current ratio of 0.19, a quick ratio of 0.18 and a debt-to-equity ratio of -6.41. Sirius XM has a 1 year low of $4.54 and a 1 year high of $5.89.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Broadleaf Partners LLC bought a new stake in Sirius XM in the fourth quarter worth $3,353,000. DnB Asset Management AS lifted its stake in Sirius XM by 23.8% in the fourth quarter. DnB Asset Management AS now owns 237,015 shares of the company’s stock worth $1,270,000 after purchasing an additional 45,600 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Sirius XM in the third quarter worth $330,000. California Public Employees Retirement System lifted its stake in Sirius XM by 9.6% in the third quarter. California Public Employees Retirement System now owns 4,167,432 shares of the company’s stock worth $23,004,000 after purchasing an additional 365,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Sirius XM by 19.7% in the third quarter. Janney Montgomery Scott LLC now owns 71,241 shares of the company’s stock worth $393,000 after purchasing an additional 11,726 shares during the last quarter. 19.57% of the stock is owned by institutional investors.

In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the completion of the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

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Sirius XM 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.

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

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