Sirius XM Holdings (SIRI) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Sirius XM Holdings (SIRI) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.04. The company posted revenue of $1235.57 million in the period, compared to analysts expectations of $1224.54 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Sirius XM Holdings. 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 Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 5 from a previous price target of $4.60 .

Sirius XM Holdings opened for trading at $4.17 and hit $4.2 on the upside on Wednesday, eventually ending the session at $4.18, with a gain of 0.24% or 0.01 points. The heightened volatility saw the trading volume jump to 4,29,48,133 shares. Company has a market cap of $20,725 M.

In a different news, on May 26, 2016, James Mooney (director) sold 173 shares at $3.91 per share price. According to the SEC, on May 20, 2016, James P Holden (director) sold 145 shares at $3.90 per share price. On Mar 2, 2016, Joan Lordi Amble (director) sold 97,606 shares at $3.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Sirius XM Holdings

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