Barrington Research Lowers Earnings Estimates for Sirius XM

Sirius XM Holdings Inc. (NASDAQ:SIRI) – Barrington Research cut their Q4 2024 earnings per share (EPS) estimates for Sirius XM in a research note issued to investors on Monday, November 4th. Barrington Research analyst J. Goss now expects that the company will earn $0.78 per share for the quarter, down from their prior estimate of $0.87. Barrington Research has a “Outperform” rating and a $40.00 price objective 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.

Several other brokerages have also issued reports on SIRI. Morgan Stanley restated an “underweight” rating and set a $23.00 target price on shares of Sirius XM in a research report on Tuesday, September 24th. Citigroup upped their price objective on Sirius XM from $2.80 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. began coverage on Sirius XM in a report on Wednesday, October 9th. They issued an “underweight” rating and a $20.00 target price on the stock. Pivotal Research cut their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a research note on Tuesday, October 15th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sirius XM has an average rating of “Hold” and an average target price of $28.88.

Sirius XM Price Performance

NASDAQ SIRI opened at $26.20 on Wednesday. The company has a 50-day moving average price of $26.19 and a 200-day moving average price of $29.26. Sirius XM has a 52 week low of $22.18 and a 52 week high of $57.80. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $8.89 billion, a P/E ratio of -4.13, a PEG ratio of 1.37 and a beta of 1.04.

Sirius XM Increases Dividend

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

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 1,259,259 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were acquired at an average price of $24.95 per share, for a total transaction of $31,418,512.05. Following the purchase, the insider now directly owns 108,719,088 shares in the company, valued at $2,712,541,245.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 2,646,761 shares of company stock worth $65,952,329 over the last quarter. Insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

Several hedge funds have recently modified their holdings of the company. Coston McIsaac & Partners increased its position in Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Sirius XM in the 2nd quarter worth $28,000. TCTC Holdings LLC bought a new stake in shares of Sirius XM in the 3rd quarter worth about $29,000. Princeton Global Asset Management LLC raised its position in shares of Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Finally, Walker Asset Management LLC bought a new position in shares of Sirius XM in the 2nd quarter valued at about $33,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

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.