Sirius XM Holdings Inc. to Post FY2018 Earnings of $0.17 Per Share, KeyCorp Forecasts (SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Analysts at KeyCorp decreased their FY2018 earnings per share (EPS) estimates for Sirius XM Holdings in a research report issued on Wednesday. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings per share of $0.17 for the year, down from their prior estimate of $0.19. KeyCorp currently has a “Hold” rating on the stock.

Sirius XM Holdings (NASDAQ:SIRI) last posted its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Sirius XM Holdings had a net margin of 16.71% and a negative return on equity of 93.51%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $0.04 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis.

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A number of other equities research analysts have also recently commented on the stock. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday, July 27th. Bank of America Corporation set a $7.00 target price on shares of Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada started coverage on shares of Sirius XM Holdings in a research report on Friday, September 15th. They issued a “sector perform” rating and a $6.00 target price for the company. Finally, Macquarie reiterated a “buy” rating and issued a $6.00 target price (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $6.03.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.81%. Sirius XM Holdings’s dividend payout ratio (DPR) is currently 22.22%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capstone Asset Management Co. increased its position in shares of Sirius XM Holdings by 0.3% during the second quarter. Capstone Asset Management Co. now owns 65,346 shares of the company’s stock valued at $357,000 after acquiring an additional 170 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Sirius XM Holdings by 0.8% during the second quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after acquiring an additional 206 shares during the last quarter. Pitcairn Co. increased its position in shares of Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after acquiring an additional 237 shares during the last quarter. GM Advisory Group Inc. increased its position in shares of Sirius XM Holdings by 0.9% during the second quarter. GM Advisory Group Inc. now owns 33,185 shares of the company’s stock valued at $182,000 after acquiring an additional 290 shares during the last quarter. Finally, Traynor Capital Management Inc. increased its position in shares of Sirius XM Holdings by 1.8% during the second quarter. Traynor Capital Management Inc. now owns 32,571 shares of the company’s stock valued at $189,000 after acquiring an additional 564 shares during the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.

Sirius XM Holdings Company Profile

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.

Earnings History and Estimates for Sirius XM Holdings (NASDAQ:SIRI)

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