Sirius XM (SIRI) Set to Announce Earnings on Wednesday

Sirius XM (NASDAQ:SIRI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Sirius XM to post earnings of $0.05 per share for the quarter. Sirius XM has set its FY 2019 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, January 30th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Sirius XM had a net margin of 20.38% and a negative return on equity of 76.76%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, analysts expect Sirius XM to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Sirius XM stock opened at $5.96 on Wednesday. The firm has a market cap of $26.91 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.46 and a beta of 1.04. Sirius XM has a 52 week low of $5.48 and a 52 week high of $7.70.

Sirius XM announced that its Board of Directors has approved a stock repurchase plan on Tuesday, January 29th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Several analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Sirius XM in a research report on Friday, March 15th. They set an “equal weight” rating and a $6.50 target price for the company. Zacks Investment Research lowered shares of Sirius XM from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. BidaskClub raised shares of Sirius XM from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Barclays set a $6.00 price target on shares of Sirius XM and gave the company a “sell” rating in a report on Saturday, February 2nd. Finally, Pivotal Research reissued a “hold” rating and issued a $7.00 price target on shares of Sirius XM in a report on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.26.

In other news, EVP James Arthur Cady sold 588,503 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.13, for a total value of $3,607,523.39. Following the completion of the transaction, the executive vice president now owns 1,840,070 shares of the company’s stock, valued at approximately $11,279,629.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas D. Barry sold 48,513 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $6.06, for a total transaction of $293,988.78. Following the completion of the transaction, the vice president now directly owns 462,465 shares of the company’s stock, valued at approximately $2,802,537.90. The disclosure for this sale can be found here. Insiders sold a total of 693,134 shares of company stock valued at $4,245,516 in the last three months. 0.76% of the stock is owned by company insiders.

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Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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Earnings History for Sirius XM (NASDAQ:SIRI)

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