Sirius XM Holdings Inc. (NASDAQ:SIRI) has received a consensus rating of “Hold” from eleven ratings firms currently monitoring the company, according to Marketbeat Ratings. This includes a mixture of perspectives, with four analysts issuing a sell rating, three assigning a hold rating, three recommending a buy rating, and one analyst giving a strong buy rating.
The average target price among brokerages that have published reports on Sirius XM in the past year is approximately $25.13. Recent assessments have seen notable adjustments in target prices from various research firms.
Wells Fargo & Company recently lowered their price target from $19.00 to $18.00, assigning an “underweight” rating in a note released on August 1, 2023. Weiss Ratings reaffirmed a “sell (d+)” rating on October 14, 2023. In contrast, Morgan Stanley raised its price target from $21.00 to $22.00 while maintaining an “underweight” rating on July 16, 2023. Meanwhile, Rosenblatt Securities increased its target from $22.00 to $23.00, categorizing the stock as “neutral” on August 4, 2023. Barrington Research, on the other hand, reiterated an “outperform” rating and set a price target of $28.00 on the same day as Wells Fargo.
Sirius XM’s stock opened at $21.63 on Friday. The company has faced volatility over the past year, with a low of $18.69 and a high of $29.18. Currently, Sirius XM has a market capitalization of $7.28 billion. The company’s financial metrics include a debt-to-equity ratio of 0.89, a current ratio of 0.41, and a quick ratio of 0.41. Its fifty-day moving average is $22.77, while the two-hundred-day moving average stands at $22.37.
In its latest earnings report released on July 31, 2023, Sirius XM reported earnings of $0.57 per share, falling short of the consensus estimate of $0.79 by $0.22. Despite this shortfall, the company achieved revenues of $2.14 billion, slightly exceeding the analyst expectations of $2.13 billion. However, quarterly revenue declined by 1.8% compared to the same period last year.
Looking ahead, Sirius XM has projected its earnings per share (EPS) guidance for fiscal year 2025 at $3.20. Analysts predict that the company will achieve an average EPS of $3.20 for the current year.
In addition to its financial performance, Sirius XM has announced a quarterly dividend of $0.27 per share, which will be distributed on November 21, 2023. Stockholders of record on November 5, 2023 will be eligible for the dividend. This results in an annualized dividend of $1.08 and a yield of 5.0%. The dividend payout ratio currently stands at -16.00%.
Sirius XM Holdings Inc. functions as an audio entertainment provider in North America, operating primarily through two segments: Sirius XM and Pandora. The Sirius XM segment offers a variety of channels, including music, sports, entertainment, comedy, talk, news, traffic, and weather, along with podcast and infotainment services. These services are accessible via subscriptions and delivered through satellite radio systems and streaming applications on various devices.
