Sirius XM (NASDAQ:SIRI) Announces Quarterly Earnings Results

Sirius XM (NASDAQ:SIRI) issued its quarterly earnings results on Thursday. The company reported $0.83 earnings per share (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 Stock Up 2.0 %

NASDAQ:SIRI opened at $23.57 on Friday. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of -3.74, a price-to-earnings-growth 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 has a twelve month low of $20.47 and a twelve month high of $53.50. The stock’s 50 day moving average price is $23.66 and its two-hundred day moving average price is $26.94.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.58%. Sirius XM’s dividend payout ratio is -17.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group reduced their target price on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. StockNews.com began coverage on Sirius XM in a report on Wednesday, November 13th. They issued a “sell” rating for the company. Wells Fargo & Company cut their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.