Published: Fri, October 13, 2017
Finance | By Loren Pratt

How Have Sirius XM Holdings Inc. (SIRI) Earnings Estimates Changed?

Short interest, which represents the number of a stock's shares now being shorted, captures what the market as a whole feels about a stock. Piper Jaffray Companies' price objective indicates a potential upside of 22.38% from the stock's current price.

These analysts also forecasted Growth Estimates for the Current Quarter for SIRI to be 25%. A rating of 4 or 5 would represent a Sell recommendation. Zacks upgraded the shares of DDC in report on Monday, August 31 to "Sell" rating. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Among new and sold out positions, 62 holders initiated new positions by a total of 12.54 million shares and 43 holders exited their positions by a total of 14.3 million shares. Finally, Vetr lowered shares of Sirius XM Holdings from a "strong-buy" rating to a "buy" rating and set a $6.06 price target on the a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. In the past 52 weeks the company's stock price has moved within the range of $4.05 to $5.89. Citadel Lc reported 4.56M shares. (SIRI)'s distance from 200 day simple moving average is 9.97 percent, its distance from 50 day simple moving average is 2.44 percent, while its distance from 20 day simple moving average is 2.65 percent. According to these analysts, the Low Revenue Estimate for Sirius XM Holdings 1.35 Billion and the High Revenue Estimate is 1.38 Billion.

Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The stock ended last trade at $5.71 a share and the price is up more than 28.31% so far this year. The Return on Equity (ROE) value stands at -99.1%. The company's quarterly revenue was up 9.1% compared to the same quarter previous year. During the same period a year ago, the firm posted $0.04 earnings per share.

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Sirius XM Holdings 1.37 Billion.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -2.36 and -8.01 respectively.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. At the time of writing, the First Call consensus price target for the company is $89.31. (NASDAQ:SIRI), with 6 analysts believing it is a strong buy. For the current year the company's revenue estimates are $33.8 Million compared to low analyst estimates of $33.8 Million and high estimates of $33.8 Million according to the prediction of 1 analysts. The company reported $0.04 EPS for the quarter, meeting the Zacks' consensus estimate of $0.04. Comparatively, Sirius XM Holdings Inc. posted earnings of $0.05 per share in the same quarter a year ago. The SI to Sirius XM Holdings Incorporated's float is 17.36%. Toronto Dominion Bank now owns 20,278 shares of the company's stock worth $111,000 after acquiring an additional 1,799 shares during the last quarter. IL lifted its position in shares of Sirius XM Holdings by 1.5% during the 1st quarter. The number of shares now owned by investors are 4.6 bln. Finally, Advisor Partners LLC grew its position in shares of Sirius XM Holdings by 103.7% during the second quarter.

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.

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