Economy

Sirius XM Holdings Inc. Bottom Line Advances 42% In Q3

(NASDAQ:SIRI) on Thursday, July 27 with "Buy" rating. The stock is now offering a return on equity of -99.10% while the return on assets is at 9.90% and the return on investment is at 21.00%.

According to Zacks, "We are positive on SIRIUS XM's move to increase its stake in its Canadian unit to 70% from 37%".

Analysts await Sirius XM Holdings Inc. The company added over 587,000 subscribers in the second quarter. The average analysts gave this company a mean recommendation of 2.40. We are also impressed with the company's strong telematics partnerships with nearly all major vehicle manufacturers.

COPYRIGHT VIOLATION WARNING: "Sirius XM Holdings Inc". (NASDAQ:SIRI) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a report released on Friday, October 13th. Bank of America Corporation set a $7.00 price target on Sirius XM Holdings and gave the stock a "buy" rating in a research note on Thursday, October 12th. The stock of Canadian REIT (TSE:REF.UN) earned "Sector Perform" rating by National Bank Canada on Friday, November 6. Of those analysts, 6 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. Macquarie restated a "buy" rating and issued a $6.00 price target (up previously from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th.

News headlines about Sirius XM Holdings (NASDAQ:SIRI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. 12,806,554 shares of the stock were exchanged. (NYSE:FCX) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 5.79 and sector's optimum level is 11.18. The company has a market cap of $26.39 billion, a P/E ratio of 33.65 and a beta of 1.07.

The highest price SIRI stock touched in the last 12 month was $5.89 and the lowest price it hit in the same period was $4.07.

Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Tuesday, July 26th.

In terms of earnings per share, 13 analysts have a 0.04 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 7 analysts have a 0.05 EPS mean target and for the quarter ending Mar-18 there are 16 estimates of 0.17 EPS.

What is Wall Street saying about Sirius XM Holdings Inc. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter previous year, the firm posted $0.04 EPS.

When it comes to earning per share the company is at 60.20% for the year with a projected 17.83% earning per share for the next year. They expect $0.42 earnings per share, up 128.00% or $1.92 from last year's $-1.5 per share.

A number of hedge funds have recently made changes to their positions in the company.

At the moment, the top institutional investor at Sirius XM Holdings Inc.

Quarterly Earnings Growth on year-over-year basis stands at 21.7 percent.

It can be helpful for any investor to check out what portion of a company's total shares outstanding are now owned by institutional investors. Hillsdale Invest has invested 0% in Sirius XM Holdings Inc.

The company declined -2.8% and closed its last trading session at $5.72.

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. It also streams music and non-music channels over the Internet; and offer applications to allow consumers to access its Internet radio service on smartphones, tablets, computers, home devices, and other consumer electronic equipment.



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