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

Sirius XM (NASDAQ:SIRI) is anticipated to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2,170,005.99 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $21.89 on Tuesday. Sirius XM has a 52-week low of $20.47 and a 52-week high of $53.50. The stock has a market capitalization of $7.43 billion, a P/E ratio of -3.45, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $27.21.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s payout ratio is -17.03%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SIRI shares. The Goldman Sachs Group dropped their price objective on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Guggenheim restated a “buy” rating and issued a $30.00 target price on shares of Sirius XM in a research report on Wednesday, December 11th. Rosenblatt Securities boosted their price target on Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley lowered their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.42.

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.