Sirius XM (SIRI) to Release Quarterly 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 $2.17 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $22.06 on Wednesday. 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 company has a market cap of $7.48 billion, a PE ratio of -3.48, a P/E/G ratio of 1.11 and a beta of 1.05. The business has a 50-day simple moving average of $23.85 and a two-hundred day simple moving average of $27.11. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $53.50.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is presently -17.03%.

Analyst Upgrades and Downgrades

SIRI has been the subject of a number of research reports. Pivotal Research decreased their target price on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 1st. Rosenblatt Securities lifted their target price on Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Benchmark reaffirmed a “buy” rating and set a $43.00 target price on shares of Sirius XM in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 19th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sirius XM currently has an average rating of “Hold” and an average price target of $27.42.

Sirius XM Company Profile

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.