Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities research analysts at B. Riley increased their FY2018 EPS estimates for shares of Sirius XM in a report released on Tuesday. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $0.24 per share for the year, up from their previous estimate of $0.21. B. Riley currently has a “Buy” rating on the stock.

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Sirius XM from a “sell” rating to a “strong sell” rating in a research note on Thursday. Pivotal Research reissued a “buy” rating and issued a $6.80 price objective (up previously from $6.25) on shares of Sirius XM in a report on Wednesday, October 25th. Royal Bank of Canada set a $6.00 price objective on Sirius XM and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research raised Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Thursday, November 2nd. Finally, Barrington Research downgraded Sirius XM from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $5.94.

Shares of Sirius XM (NASDAQ SIRI) traded up $0.06 on Thursday, hitting $5.50. 8,874,718 shares of the stock traded hands, compared to its average volume of 24,972,328. The company has a market cap of $25,000.00, a PE ratio of 30.56, a P/E/G ratio of 1.29 and a beta of 1.12. Sirius XM has a one year low of $4.54 and a one year high of $5.89. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41.

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

A number of institutional investors have recently made changes to their positions in SIRI. Swiss National Bank lifted its holdings in shares of Sirius XM by 0.5% during the third quarter. Swiss National Bank now owns 6,046,258 shares of the company’s stock worth $33,375,000 after buying an additional 27,200 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Sirius XM by 19.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 5,419,576 shares of the company’s stock worth $29,915,000 after buying an additional 874,255 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sirius XM by 9.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 423,790 shares of the company’s stock worth $2,339,000 after buying an additional 36,867 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Sirius XM by 5.7% during the third quarter. Pictet Asset Management Ltd. now owns 784,400 shares of the company’s stock worth $4,330,000 after buying an additional 42,100 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sirius XM by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock worth $429,035,000 after buying an additional 957,278 shares in the last quarter. 19.64% of the stock is owned by institutional investors and hedge funds.

In other Sirius XM news, EVP Patrick L. Donnelly sold 1,374,479 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was 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 owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value 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 approximately $19,181,842.80. The disclosure for this sale can be found here. Company insiders own 1.06% of the company’s stock.

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About Sirius XM

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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