Sirius XM (SIRI) Projected to Post Earnings on Thursday

Sirius XM (NASDAQ:SIRI) is expected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $2,170,005.99 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $22.10 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s fifty day moving average is $24.17 and its 200 day moving average is $27.47. The stock has a market cap of $7.50 billion, a P/E ratio of -3.49, a P/E/G ratio of 1.11 and a beta of 1.05. Sirius XM has a one year low of $20.47 and a one year high of $55.40.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%. Sirius XM’s payout ratio is -17.03%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SIRI. StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They issued a “sell” rating on the stock. Pivotal Research decreased their target price on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Rosenblatt Securities raised their price objective on Sirius XM from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Sirius XM has a consensus rating of “Hold” and an average target price of $27.58.

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.