Sirius XM Radio (NASDAQ:SIRI) announced its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, Analyst Ratings Network reports. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $934.40 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.
SIRI has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of Sirius XM Radio from $3.50 to $4.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. On a related note, analysts at Maxim Group raised their price target on shares of Sirius XM Radio from $4.20 to $4.60 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Sirius XM Radio from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 15th.
One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Sirius XM Radio presently has a consensus rating of “Buy” and a consensus target price of $4.18.
Sirius XM Radio (NASDAQ: SIRI) traded up 0.26% on Friday, hitting $3.79. Sirius XM Radio has a 52-week low of $2.09 and a 52-week high of $3.78. The stock’s 50-day moving average is currently $3.46. The company has a market cap of $24.189 billion and a price-to-earnings ratio of 7.68.
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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