Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at FBR & Co decreased their FY2018 earnings estimates for Sirius XM Holdings in a report released on Wednesday. FBR & Co analyst B. Crockett now expects that the firm will earn $0.20 per share for the year, down from their prior forecast of $0.21. FBR & Co currently has a “Outperform” rating and a $5.00 target price on the stock.
Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. During the same quarter in the previous year, the firm earned $0.03 EPS. The company earned $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. The business’s quarterly revenue was up 10.0% compared to the same quarter last year.
A number of other analysts also recently weighed in on the company. Barclays PLC reiterated a “buy” rating and set a $4.60 price target on shares of Sirius XM Holdings in a report on Thursday. TheStreet upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating in a report on Tuesday. RBC Capital Markets reiterated a “sector perform” rating and set a $4.75 price target (up from $4.25) on shares of Sirius XM Holdings in a report on Wednesday. Pacific Crest reiterated a “hold” rating on shares of Sirius XM Holdings in a report on Wednesday. Finally, Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Sirius XM Holdings presently has a consensus rating of “Buy” and an average target price of $4.68.
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.
