Barrington Research Predicts Weaker Earnings for Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Analysts at Barrington Research decreased their Q4 2024 earnings estimates for shares of Sirius XM in a research note issued to investors on Monday, November 4th. Barrington Research analyst J. Goss now forecasts 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 price target on the stock. The consensus estimate for Sirius XM’s current full-year earnings is $3.04 per share. Barrington Research also issued estimates for Sirius XM’s FY2026 earnings at $3.66 EPS.

A number of other research firms have also recently issued reports on SIRI. StockNews.com started coverage on Sirius XM in a report on Tuesday. They set a “hold” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Sirius XM in a research note on Wednesday, October 9th. They set an “underweight” rating and a $20.00 target price for the company. Pivotal Research cut their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. Finally, Citigroup boosted their price objective on shares of Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.88.

Sirius XM Stock Down 0.5 %

Shares of NASDAQ:SIRI opened at $26.20 on Wednesday. The firm has a market capitalization of $8.89 billion, a PE ratio of -4.13, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The business has a 50 day simple moving average of $26.19 and a two-hundred day simple moving average of $29.26. Sirius XM has a 1 year low of $22.18 and a 1 year high of $57.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SIRI. Coston McIsaac & Partners increased its position in Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after buying an additional 624 shares in the last quarter. TCTC Holdings LLC purchased a new stake in shares of Sirius XM during the third quarter worth about $29,000. Princeton Global Asset Management LLC increased its holdings in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. Trium Capital LLP purchased a new position in shares of Sirius XM in the 3rd quarter valued at approximately $50,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Sirius XM in the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc purchased 175,569 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were acquired at an average cost of $27.43 per share, for a total transaction of $4,815,857.67. Following the acquisition, the insider now owns 110,276,790 shares of the company’s stock, valued at $3,024,892,349.70. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 2,646,761 shares of company stock worth $65,952,329 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Sirius XM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.12%. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is presently -17.03%.

About Sirius XM

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.