Sirius XM (SIRI) Scheduled to Post Quarterly Earnings on Thursday

Sirius XM (NASDAQ:SIRI) is scheduled to release its earnings data before the market opens on Thursday, August 1st. Analysts expect Sirius XM to post earnings of $0.08 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. Sirius XM’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. On average, analysts expect Sirius XM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sirius XM Price Performance

Sirius XM stock opened at $3.49 on Wednesday. Sirius XM has a one year low of $2.45 and a one year high of $5.78. The company’s fifty day moving average price is $3.09 and its two-hundred day moving average price is $3.72. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.21 and a beta of 1.08.

Sirius XM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, August 9th. Sirius XM’s dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. Citigroup downgraded shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 price objective for the company. in a report on Thursday, July 25th. The Goldman Sachs Group raised shares of Sirius XM from a “sell” rating to a “neutral” rating and cut their target price for the stock from $3.50 to $3.25 in a research report on Wednesday, May 1st. Evercore ISI raised Sirius XM from an “underperform” rating to an “in-line” rating and lowered their price target for the company from $4.25 to $3.25 in a research report on Monday, June 24th. Finally, StockNews.com initiated coverage on Sirius XM in a research note on Friday, July 26th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.07.

Insider Activity

In related news, Director Kristina Salen sold 12,518 shares of Sirius XM stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total transaction of $32,546.80. Following the sale, the director now directly owns 169,309 shares of the company’s stock, valued at $440,203.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.79% of the stock is owned by company insiders.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.