Sirius XM (SIRI) Earns Daily Media Sentiment Rating of 0.12

Media headlines about Sirius XM (NASDAQ:SIRI) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sirius XM earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.7477649325957 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

A number of research analysts recently issued reports on SIRI shares. Bank of America set a $7.00 price target on shares of Sirius XM and gave the stock a “buy” rating in a research note on Thursday, October 12th. Royal Bank of Canada started coverage on shares of Sirius XM in a research note on Friday, September 15th. They issued a “sector perform” rating and a $6.00 price target for the company. Pivotal Research reiterated a “buy” rating and issued a $6.80 price target (up previously from $6.25) on shares of Sirius XM in a research note on Wednesday, October 25th. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Gabelli lifted their price target on shares of Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Sirius XM presently has a consensus rating of “Buy” and a consensus price target of $6.01.

Shares of Sirius XM (NASDAQ SIRI) traded up $0.01 during trading hours on Thursday, hitting $5.27. 24,826,037 shares of the stock traded hands, compared to its average volume of 21,734,838. The stock has a market cap of $24,170.00, a P/E ratio of 29.56, a PEG ratio of 1.70 and a beta of 1.12. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM has a twelve month low of $4.40 and a twelve month high of $5.89.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. equities research analysts expect that Sirius XM will post 0.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th were given a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Wednesday, November 8th. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. Sirius XM’s payout ratio is currently 22.22%.

In other news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the completion of the sale, the chief executive officer now owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the sale, the executive vice president now owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by insiders.

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About Sirius XM

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.

Insider Buying and Selling by Quarter for Sirius XM (NASDAQ:SIRI)

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