Now when we talk about Revenue Estimate for the current Fiscal Quarter, Average Revenue Estimate of Sirius XM Holdings Inc. However, earnings as well as revenues improved on a year over year basis.
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In a written statement, CEO Jim Meyer states that the company has added 587,000 new subscribers, limited not only to new vehicle subscriptions, but all paid subscriptions. Its average revenue per user rose 3% to $12.78. “Moreover, the company lacks business diversification which is a major concern”. General Electric Co. boosted its position in shares of Sirius XM Holdings by 28.6% in the fourth quarter. The stock’s market capitalization is $11.48 billion.
Many Wall Street Analysts have commented on Sirius XM Holdings. Federated Investors Inc. PA now owns 262,173 shares of the company’s stock valued at $1,067,000 after buying an additional 9,510 shares during the period.
Return on Assets (ROA) for Sirius XM Holdings Inc. Amble Joan Lordi offloaded 97,606 shares in the company at an average price of $3.76 and ended up generating $367,000 in proceeds. For the quarter, shares are performing at 1.30%. The stock’s institutional ownership stands at 22.60%. The Current Ratio of Sirius XM Holdings Inc. The company has the institutional ownership of 79.80% while the Beta factor was 1.86. The stock has received “OVERWEIGHT” rating after consensus analysis from analysts. The company also boosted its 2016 revenue guidance, saying it expects the figure to approach $5 billion. Analyst expected twelve month price target of $4.58. During the last trade, shares reached to high price of $5.38 and touched the low price of $5.25. One week ago, shares have been suggested as “BUY” from “5” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. Finally, Telsey Advisory Group assumed coverage on Liberty Sirius XM Group in a research report on Tuesday, July 12th.
Sirius XM Holdings (NASDAQ:SIRI) opened at 4.35 on Wednesday. The 20-Day Simple Moving Average is determined at 4.52% that showed a 200-Day Simple Moving Average of 6.35%. The company has a market cap of $20.77 billion.
04/29/2016 – Sirius XM Holdings Inc. had its “buy” rating reiterated by analysts at Wunderlich.
SIRIUSXM has announced second quarter 2016 operating and financial results, including record quarterly revenue of $1.2 billion, up 10% from the second quarter of 2015. Omega Advisors Inc., a New York-based fund reported 21.08 million shares.
-Revenue Change (Y-o-Y): 10.7%.
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Sirius XM is now a Zacks Rank #3 (Hold), and shares of the company are up more than 7.5% year-to-date. Telsey Advisory Group Initiated Sirius XM Holdings on Jul 12, 2016 to “Market Perform”, Price Target of the shares are set at $4.59.Company shares were Reiterated by Wunderlich on April 29, 2016 to “Buy”, Firm has raised the Price Target to $ 5 from a previous price target of $4.60.
