News stories about Sirius XM Holdings (NASDAQ:SIRI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sirius XM Holdings earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0499539829071 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Sirius XM Holdings Inc. (SIRI) Short Interest Down 4.0% in September (americanbankingnews.com)
- Sirius XM Holdings Inc. (SIRI) PT Set at $7.00 by Piper Jaffray Companies (americanbankingnews.com)
- Are You Overpaying For Growth Prospects With Sirius XM? – Seeking Alpha (seekingalpha.com)
- Sirius XM Holdings Inc. (SIRI) PT Raised to $6.50 (americanbankingnews.com)
- Sirius XM Keeps Shaking the Bears Away – Motley Fool (fool.com)
A number of brokerages have recently commented on SIRI. Piper Jaffray Companies set a $7.00 target price on shares of Sirius XM Holdings and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub cut shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Pivotal Research reiterated a “buy” rating and issued a $6.25 target price on shares of Sirius XM Holdings in a research report on Sunday, July 30th. FBR & Co reiterated an “outperform” rating and issued a $6.00 target price (up from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. Finally, Zacks Investment Research cut shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.96.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.04 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.011 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.
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Sirius XM Holdings Company Profile
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. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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