Brokerages expect Sirius XM Holdings (NASDAQ:SIRI) to announce earnings of $0.05 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Sirius XM’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.06. Sirius XM reported earnings of $0.04 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Sirius XM will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.23 to $0.27. For the next fiscal year, analysts expect that the firm will post earnings of $0.28 per share, with EPS estimates ranging from $0.26 to $0.31. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Sirius XM.
Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, April 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a net margin of 13.26% and a negative return on equity of 76.24%. Sirius XM’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share.
In related news, EVP Stephen Cook sold 196,017 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $6.38, for a total transaction of $1,250,588.46. Following the completion of the sale, the executive vice president now directly owns 1,664,159 shares in the company, valued at $10,617,334.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joan Lordi Amble sold 73,961 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total transaction of $480,746.50. Following the sale, the director now owns 101,174 shares of the company’s stock, valued at $657,631. The disclosure for this sale can be found here. Insiders have sold 1,797,439 shares of company stock valued at $11,928,271 over the last 90 days. 0.76% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of SIRI. Carillon Tower Advisers Inc. bought a new stake in Sirius XM during the fourth quarter worth approximately $53,443,000. American Century Companies Inc. boosted its stake in Sirius XM by 27.6% in the 4th quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock worth $239,123,000 after purchasing an additional 9,657,090 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Sirius XM by 20.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 43,824,751 shares of the company’s stock worth $234,901,000 after purchasing an additional 7,449,602 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Sirius XM in the 4th quarter worth approximately $26,702,000. Finally, APG Asset Management N.V. boosted its stake in Sirius XM by 18.1% in the 4th quarter. APG Asset Management N.V. now owns 13,210,562 shares of the company’s stock worth $58,968,000 after purchasing an additional 2,024,500 shares during the period. Hedge funds and other institutional investors own 19.39% of the company’s stock.
SIRI traded up $0.03 on Wednesday, hitting $6.82. 83,945 shares of the company’s stock were exchanged, compared to its average volume of 19,418,654. The firm has a market cap of $30.50 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10. Sirius XM has a twelve month low of $6.78 and a twelve month high of $6.84. The company has a quick ratio of 0.17, a current ratio of 0.18 and a debt-to-equity ratio of -4.35.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Thursday, May 10th will be issued a $0.011 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, May 9th. Sirius XM’s dividend payout ratio (DPR) is presently 20.00%.
Sirius XM announced that its Board of Directors has authorized a share buyback program on Tuesday, January 23rd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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