Research Analysts Set Expectations for Sirius XM Q4 Earnings

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Equities researchers at Barrington Research cut their Q4 2024 EPS estimates for Sirius XM in a report released on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the company will post earnings of $0.78 per share for the quarter, down from their prior estimate of $0.87. Barrington Research currently has a “Outperform” rating and a $40.00 target price on the stock. The consensus estimate for Sirius XM’s current full-year earnings is ($3.98) per share. Barrington Research also issued estimates for Sirius XM’s FY2026 earnings at $3.66 EPS.

A number of other analysts have also weighed in on SIRI. Guggenheim upgraded Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, September 18th. Morgan Stanley restated an “underweight” rating and issued a $23.00 price objective on shares of Sirius XM in a research report on Tuesday, September 24th. Bank of America reiterated an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a research report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a report on Tuesday, October 15th. Finally, Pivotal Research decreased their price objective on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Five analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Sirius XM has an average rating of “Hold” and a consensus price target of $28.96.

Sirius XM Trading Down 0.3 %

SIRI stock opened at $26.12 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.43. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -4.14, a P/E/G ratio of 1.32 and a beta of 1.04. The business has a fifty day moving average price of $26.19 and a 200 day moving average price of $29.26. Sirius XM has a fifty-two week low of $22.18 and a fifty-two week high of $57.80.

Sirius XM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.27 per share. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, November 5th. Sirius XM’s payout ratio is presently -16.72%.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of Sirius XM stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average price of $24.95 per share, with a total value of $31,418,512.05. Following the purchase, the insider now directly owns 108,719,088 shares of the company’s stock, valued at $2,712,541,245.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 2,646,761 shares of company stock valued at $65,952,329 in the last ninety days. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Sirius XM by 9.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,124,339 shares of the company’s stock valued at $4,325,000 after purchasing an additional 101,713 shares in the last quarter. Bessemer Group Inc. boosted its position in Sirius XM by 1,205.4% during the 1st quarter. Bessemer Group Inc. now owns 452,570 shares of the company’s stock worth $1,756,000 after acquiring an additional 417,900 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Sirius XM by 1.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 579,793 shares of the company’s stock worth $2,250,000 after acquiring an additional 6,231 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Sirius XM by 13.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,291,511 shares of the company’s stock worth $5,002,000 after acquiring an additional 157,874 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Sirius XM by 5.2% in the first quarter. California State Teachers Retirement System now owns 1,427,296 shares of the company’s stock valued at $5,538,000 after purchasing an additional 70,239 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

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.