News headlines about Sirius XM (NASDAQ:SIRI) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sirius XM earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.0547072286055 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Traders Purchase High Volume of Sirius XM Call Options (SIRI) (americanbankingnews.com)
- Sirius XM Holdings Inc. (SIRI) Sees Large Decline in Short Interest (americanbankingnews.com)
- Sirius XM (SIRI) PT Set at $6.00 by Royal Bank of Canada (americanbankingnews.com)
- BRIEF-Sirius Xm – Unit Entered New Employment Agreement With James E. Meyer To Continue To Serve As Co’s CEO (reuters.com)
- Q4 2017 Earnings Estimate for Sirius XM Holdings Inc. (SIRI) Issued By KeyCorp (americanbankingnews.com)
Sirius XM (NASDAQ:SIRI) opened at $5.48 on Friday. The firm has a market cap of $25,277.01, a price-to-earnings ratio of 30.45, a P/E/G ratio of 1.57 and a beta of 1.12. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM has a 1-year low of $4.52 and a 1-year high of $5.89.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS. analysts expect that Sirius XM will post 0.19 earnings per share for the current fiscal year.
SIRI has been the topic of several recent analyst reports. Zacks Investment Research cut Sirius XM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub raised Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Royal Bank of Canada set a $6.00 price objective on Sirius XM and gave the company a “hold” rating in a research report on Thursday. Barrington Research lowered shares of Sirius XM from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 2nd. Finally, Bank of America set a $7.00 target price on shares of Sirius XM and gave the company a “buy” rating in a report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Sirius XM presently has an average rating of “Hold” and an average price target of $5.94.
In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total value of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James E. Meyer sold 172,704 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the completion of the sale, the chief executive officer now directly owns 3,377,085 shares in the company, valued at $19,181,842.80. The disclosure for this sale can be found here. 1.06% of the stock is owned by insiders.
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About Sirius XM
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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