Sirius XM Holdings Inc. (NASDAQ:SIRI) has received a consensus rating of “Hold” from eleven ratings firms, according to Marketbeat Ratings. Analysts’ views on the stock vary, with four giving a sell rating, three a hold rating, three a buy rating, and one issuing a strong buy rating. The average one-year price objective stands at approximately $25.13.
Several financial firms have recently revised their price targets for Sirius XM. On August 1, 2023, Wells Fargo & Company lowered its target from $19.00 to $18.00, maintaining an “underweight” rating. In contrast, Morgan Stanley raised its price target from $21.00 to $22.00 while still holding an “underweight” rating. Following suit, Rosenblatt Securities increased its target from $22.00 to $23.00 and assigned a “neutral” rating. Conversely, Barrington Research reaffirmed its “outperform” rating along with a price target of $28.00 on the same date.
Sirius XM’s stock opened at $21.63 on August 1, 2023. The company has experienced a one-year price range, with a low of $18.69 and a high of $29.18. Currently, Sirius XM has a market capitalization of $7.28 billion, a debt-to-equity ratio of 0.89, and a current ratio of 0.41.
Financial Performance and Earnings
On July 31, 2023, Sirius XM announced its latest earnings results, reporting earnings per share (EPS) of $0.57 for the quarter. This figure fell short of the consensus estimate of $0.79 by $0.22. Despite this setback, the company generated revenue of $2.14 billion, slightly exceeding analyst expectations of $2.13 billion. In comparison to the previous year, the quarterly revenue showed a decline of 1.8%.
Sirius XM has established its full-year 2025 guidance, projecting an EPS of 3.2 for the current year. The company recently reported a positive return on equity of 3.73% but noted a negative net margin of 26.41%.
Upcoming Dividend Announcement
Sirius XM has also declared a quarterly dividend of $0.27, set to be paid on November 21, 2023. Shareholders recorded as of November 5, 2023, will be eligible for this payment, yielding an annualized dividend of $1.08 and a dividend yield of 5.0%. Currently, the company’s dividend payout ratio stands at -16.00%.
About Sirius XM
Sirius XM Holdings Inc. operates as an audio entertainment company in North America, divided into two primary segments: Sirius XM and Pandora. The Sirius XM segment provides a range of content, including music, sports, entertainment, and news, distributed through subscription services and applications for mobile and home devices.
As market conditions evolve, analysts will continue to monitor Sirius XM’s performance and adjust their ratings and price targets accordingly.
