Sirius XM (NASDAQ:SIRI) Releases Earnings Results, Beats Estimates By $0.20 EPS

Sirius XM (NASDAQ:SIRI) announced its quarterly earnings results on Thursday. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20, Zacks reports. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. Sirius XM updated its FY 2025 guidance to EPS.

Sirius XM Trading Up 6.2 %

Sirius XM stock traded up $1.35 during midday trading on Thursday, hitting $23.19. 7,434,883 shares of the stock were exchanged, compared to its average volume of 4,939,674. The company has a fifty day simple moving average of $23.72 and a two-hundred day simple moving average of $26.97. 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 $7.87 billion, a PE ratio of -3.66, 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.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.66%. The ex-dividend date is Friday, February 7th. Sirius XM’s payout ratio is -17.03%.

Analysts Set New Price Targets

SIRI has been the topic of several analyst reports. Pivotal Research lowered their target price 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. JPMorgan Chase & Co. upped their target price on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Rosenblatt Securities upped their target price on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley decreased their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.35.

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.