Somewhat Favorable News Coverage Somewhat Unlikely to Impact Sirius XM (SIRI) Stock Price

News articles about Sirius XM (NASDAQ:SIRI) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sirius XM earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.7491865936287 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

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Shares of SIRI stock traded down $0.09 during mid-day trading on Friday, hitting $6.17. The company had a trading volume of 17,221,574 shares, compared to its average volume of 17,067,748. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16. Sirius XM has a 1-year low of $4.73 and a 1-year high of $6.62. The company has a market cap of $28,119.07, a P/E ratio of 47.47, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. sell-side analysts predict that Sirius XM will post 0.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 7th were paid a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 6th. Sirius XM’s payout ratio is 30.77%.

Sirius XM declared that its Board of Directors has authorized a share buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

SIRI has been the subject of several research reports. Buckingham Research initiated coverage on Sirius XM in a report on Friday, January 19th. They set a “buy” rating and a $6.50 price target for the company. BidaskClub upgraded Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada set a $6.00 price target on Sirius XM and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research lowered Sirius XM from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Morgan Stanley lifted their price target on Sirius XM from $5.35 to $5.50 and gave the company an “underweight” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $6.23.

In other Sirius XM news, Director Joan Lordi Amble sold 73,961 shares of Sirius XM stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total value of $480,746.50. Following the transaction, the director now directly owns 101,174 shares of the company’s stock, valued at approximately $657,631. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph A. Verbrugge sold 863,570 shares of Sirius XM stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.10, for a total value of $5,267,777.00. Following the completion of the transaction, the executive vice president now directly owns 2,986,689 shares in the company, valued at $18,218,802.90. The disclosure for this sale can be found here. Insiders sold a total of 1,113,308 shares of company stock worth $6,822,521 over the last three months. 1.06% of the stock is owned by company 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.

Insider Buying and Selling by Quarter for Sirius XM (NASDAQ:SIRI)

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