Liberty Media spun off SiriusXM and enacted a 1-for-10 reverse stock split earlier this month. SiriusXM could be an appealing choice for dividend investors.
Sirius XM has a monopoly on satellite radio in North America. An asset-light operation and relatively predictable subscription revenue make Sirius XM a highly profitable business.
Sirius XM has fallen sharply this year, even as the general market moves higher. The Fed finally lowering the federal funds rate target should open doors in more ways than one.
Sirius XM is launching a $10/month in-car music-only subscription to attract younger, price-sensitive customers, despite potential risks to average revenue per user. The new plan aims to expand the subscriber base, leveraging proprietary content and listener data from 360L receivers to minimize down-trading risks. The recent Liberty Media Transaction is expected to improve valuation multiples, despite short-term free cash flow guidance being lower due to non-recurring expenses.
Shares of Sirius XM have been under pressure as the company loses satellite-radio subscribers. The company is betting on audio formats like podcasts, talk radio, and live sports to drive growth.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Sirius' stock split doesn't change the company's fundamental value. While Sirius boasts a stable business, there is little operational momentum.
Sirius XM (SIRI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Sirius XM Holdings (NASDAQ: SIRI), a leading provider of satellite radio, conducted its 1-for-10 reverse-stock split on September 9. This means that shareholders of the stock received one share for every 10 shares they owned.
Sirius XM (SIRI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Sirius XM Holdings Inc. (NASDAQ:SIRI ) Goldman Sachs Communacopia + Technology Conference September 11, 2024 5:25 AM ET Company Participants Jennifer Witz - CEO Conference Call Participants Stephen Laszczyk - Goldman Sachs Stephen Laszczyk All right. Great. Let's get started with our next session.
You might have woken up this morning to see Sirius XM Holdings (NASDAQ: SIRI) down a whopping 7% on early trading. And now, at time of publishing, it's back up over 4% in midday trading.