|Bid||5.71 x 4000|
|Ask||5.75 x 800|
|Day's Range||5.69 - 5.77|
|52 Week Range||5.48 - 7.70|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||22.12|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.05 (0.81%)|
|1y Target Est||6.93|
Stock buybacks crashed through the ceiling in 2018. Companies in the Standard & Poor's 500-stock index alone announced plans to repurchase almost $1 trillion in shares - a tactic that not only makes the remaining stock worth a little more, but improves per-share financial metrics in their quarterly reports.Generous corporate tax cuts took hold in 2018, making it easy for many of the nation's businesses - which already were flush with cash - to pull the trigger. The same business-friendly tax environment could make 2019 another strong year for stock buybacks.Eclipsing last year's tally would require continued economic growth, of course, although not even a nagging tariff war appears to be a problem for capitalism just yet. Inflation is being held in check, too, and the Federal Reserve is leaning dovish, so few landmines lie ahead. The only plausible threat to buyback mania to date is legislation aimed at crimping excessive stock repurchases. Even then, the idea has minimal support and could take until at least 2020 to put in place if approved.In other words, the environment is right for 2019 to be another strong year for share repurchases. In fact, several organizations have already made their announcements. Here are 10 companies that have initiated or increased stock buybacks just since the beginning of the year. SEE ALSO: Millionaires in America 2019: All 50 States Ranked
Pandora, the largest streaming audio provider in the U.S., today announced the spring installment of its “Sound On” brand campaign, designed to inspire listeners to discover the unique sounds that transport them from winter hibernation to spring exploration. The narrative celebrates Pandora’s unique ability to connect listeners with the audio entertainment they crave as the temperature rises. Additionally, Pandora unveiled its first sonic logo, a unique audio signature that harnesses the power of sound to create an original, consistent brand experience across multiple audio touchpoints.
NEW YORK, March 19, 2019 /PRNewswire/ -- SiriusXM announced today that for the 15th consecutive year, it will broadcast live from ULTRA Music Festival, the world famous outdoor electronic dance music festival, beginning Friday, March 29. ULTRA Music Festival will take place this year at an all new and larger festival grounds at Virginia Key on Biscayne Bay in Miami.
Subscribers get access to every regular season and postseason game on SiriusXM radios and the SiriusXM app MLB Network Radio on SiriusXM delivers the most comprehensive baseball talk and analysis on radio, ...
Every minute of every game on SiriusXM radios and on the SiriusXM app SiriusXM's exclusive college sports programming includes shows hosted by Mike Krzyzewski, Patrick Ewing, Tom Brennan, Fran Fraschilla, ...
NEW YORK, March 15, 2019 /PRNewswire/ -- Sirius XM Holdings Inc. (SIRI) today announced the expiration of the previously announced offer (the "Repurchase Offer") by Pandora Media, LLC, its wholly owned subsidiary, to repurchase for cash any and all of its $152,051,000 outstanding 1.75% Convertible Senior Notes due 2020 (the "Notes") at a price equal to 100% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to, but not including, the repurchase date (the "Purchase Price") and on the terms and subject to the conditions set forth in an Offer to Purchase, dated February 14, 2019 (the "Offer to Purchase"), and in the related Letter of Transmittal (the "Letter of Transmittal" and collectively with the Offer to Purchase, the "Offer Documents"). The Repurchase Offer expired at 11:59 p.m., New York City time, on March 14, 2019 (the "Offer Expiration Date").
Spotify (NYSE:SPOT) stock surged on Monday, as the company announced a new agreement with Samsung (OTCMKTS:SSNLF).Source: Spotify Under the deal, Samsung will now bundle Spotify with Samsung Galaxy devices. This gives hope to the owners of Spotify stock, who have seen the equity trade in a range over its brief history. * 15 Stocks Sitting on Huge Piles of Cash However, despite the benefits this deal could bring, SPOT still faces serious threats. Some of the largest and best-positioned companies in tech are in the streaming-music space. As a result, it remains unclear how much the Samsung deal will boost Spotify stock. Given the daunting competitive challenges that SPOT is facing, I do not think the Samsung deal will be lucrative enough to warrant buying Spotify stock at its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Samsung Deal Expands Spotify's MoatUnder the terms of the deal, Samsung will preinstall Spotify's app on all new Samsung phones sold in the U.S. Additionally, new Spotify customers who have bought certain Samsung devices--including the newly-released Galaxy S10--could qualify for six months of Spotify Premium service at no charge. SPOT stock rose by about 5% on Monday in the wake of the news.Spotify's relationship with Samsung began in August of last year, when Spotify became the "go to" music- provider for Samsung. The new arrangement expands that partnership.With this bundle, Spotify has meaningfully enlarged its previously narrowing moat. SPOT will now become the preferred streaming media provider on about 24% of the smartphones sold in the U.S. Moreover, SPOT's recent purchase of Gimlet Media and Anchor give it the ability to create its own content. SPOT Stock Remains Pricey and It's Still Facing ThreatsFor all of the merits of Spotify, it must contend with Sirius (NASDAQ:SIRI), which owns Pandora Radio and has a comparable market cap. Also, the $26 billion market cap of SPOT stock pales in comparison to the market caps of other players in the music-streaming space such as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), and Amazon (NASDAQ:AMZN).Given these challenges, Spotify stock appears to be priced for perfection. While encouraging, the company's recent moves do little beyond ensuring its survival.Spotify may end up developing compelling content. Still, I do not think we can assume that this will enable Spotify to become the Netflix (NASDAQ:NFLX) of audio content.It also remains unclear if a significant portion of the Samsung customers who will receive Spotify's Premium service for free will keep it after they have to start paying for it.From a valuation perspective, Spotify stock also appears to be pricey. SPOT stock trades at 4.3 times its sales and 14 times its book value. Also, even the more optimistic analysts do not expect SPOT to generate an annual profit before next year. I think the Samsung deal gives the owners of Spotify stock an incentive not to sell their shares. However, the stock's current metrics indicate that SPOT has not become a "buy" either.Moreover, the history of SPOT stock isn't very encouraging. The firm launched the IPO of Spotify stock in April of last year. Since then, the stock has remained range-bound. Today's price of around $144 per share leaves SPOT in the middle of that range. It also leaves the equity below $149.60 per share, its closing price after the first day of trading in 2018. Concluding Thoughts on Spotify StockEven after the Samsung deal, concerns over valuation and competition will continue to weigh on Spotify stock. Competition from the likes of Apple and Google are likely to kill a company like SPOT. Improving technology and interest by tech's most significant players leave little room for a smaller company which only offers streaming music.Both the Samsung deal and Spotify's recent creative efforts will help keep it relevant. However, investors have already priced this pertinence into Spotify stock, perhaps many times over. The deal may boost Spotify's overall outlook, but I do not think it will do much for the owners of SPOT stock in the long-run.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post Samsung Deal Will Help Spotify, But Won't Boost Spotify Stock appeared first on InvestorPlace.
It was another win for the market on Tuesday, but clearly not as impressive as Monday's. The S&P 500 ended Tuesday higher by 0.3%, having given up more than half of its intraday gain before the closing bell rang.Sirius XM Holdings (NASDAQ:SIRI) set the tone, gaining 2.9%, though Advanced Micro Devices (NASDAQ:AMD) wasn't far behind with its 2.3% rally.At the other end of the spectrum, Boeing (NYSE:BA) fell another 6.1% as the fallout from yet another 737 crash. Although the FAA affirms the new plane is still airworthy, investors are nervous that the plane has been banned in several countries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of them make for great trading prospects headed into this week's hump-day, however. Rather, it's the stock charts of Fifth Third Bancorp (NASDAQ:FITB), Brown-Forman (NYSE:BF.B) and Westrock (NYSE:WRK) that are of the most interest. Here's why. Brown-Forman (BF.B)It's complicated. Sometimes it's not the first effort that puts a new trend in motion, but the second effort. And, sometimes it takes a jolt to make the bulls and the bears either put up or shut up. * The 10 Best Stocks to Buy for the Bull Market's Anniversary That's what's unfurling with Brown-Forman right now … for the better. Last week's breakout thrust was upended in spectacular fashion, but when faced with a choice to either try again or throw in the towel, the buyers tried again using the exact tools they needed to in order to get the rebound rally going in earnest. Click to Enlarge • The bigger-picture buy trigger here is last week's move above the white 200-day moving average line, and the cross back above it at the end of last week.• The setback in between those two crossovers is just as telling though. Any non-believers were likely flushed out, but even before that day's closing bell rang, the bulls were testing the waters again.• The one thing missing with the rally effort is volume. It's fading on the way up. It will need to rise on the way up if the rally is to last. Westrock (WRK)With nothing more than a quick glance, Westrock looks troubled. And, maybe it is. The past several turnaround attempts have all been thwarted, and relatively quickly. The last time was no different.The last failed effort to turn things around, however, did highlight a slow but subtle shift for the better. This is the best rebound effort we've seen from WRK yet. There's just a little more work to be done before getting over the hump. Click to Enlarge • What's different this time is the most recent low. For the first time since early 2018, Westrock hasn't made a lower low. Last week's low was in-line with last month's, and above December's bottom.• The stall at the purple 50-day moving average line in nothing new. And, while Westrock technically closed above that mark yesterday, we've seen that happen before to no avail.• It's not easily evident with the accumulation-distribution line or with the Chaikin line, but there's growing bullish volume here. There has been since November. The would-be buyers are out there, if they see enough persistent strength. Fifth Third Bancorp (FITB)Most banks have been on a roll of late, and Fifth Third has been no exception. But, most banks stocks aren't moving into the same bullish scenario FITB shares are. One more good day could get the stock over a critical hump, and it's starting that effort out on a very bullish foot.There's just one last ceiling that needs to be cleared. Click to Enlarge • The ceiling in question is $28.07, plotted with a yellow dashed line on both stock charts. That's where Fifth Third shares have peaked several times since November.• It's not yet over that hump, but it's within striking distance. And this time, a move above that mark would also mean a move above the 200-day moving average, plotted in white.• The work is starting with a strong tailwind. Yesterday's volume was huge, suggesting a lot of bulls are waiting on standby, and the current surge was built by pushing up and off the support at the purple 50-day moving average line.• The shape of the action since October also hints at an upside-down head-and-shoulders pattern, bolstering the bullish case.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post 3 Big Stock Charts for Wednesday: Brown-Forman, Westrock and Fifth Third appeared first on InvestorPlace.
Sirius XM Holdings Inc NASDAQ/NGS:SIRIView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for SIRI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding SIRI totaled $1.37 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The special series will feature entrepreneurs sharing the secrets behind their successful, socially-responsible companies SiriusXM's "Purpose Built" will air on both SiriusXM's Business Radio ...
NEW YORK, March 6, 2019 /PRNewswire/ -- Today Howard Stern and SiriusXM announced Howard Stern's Saturday Soundtracks, a weekly exploration of the most intimate, innovative, and inspiring music performances recorded both recently and over the decades on the Howard Stern Show. The radio premiere will be March 9 at 9:00 a.m. ET on his exclusive SiriusXM channel, Howard 101, with replays later in the day. A new episode will air every Saturday and be available On Demand via the SiriusXM app.
NEW YORK, March 6, 2019 /PRNewswire/ -- SiriusXM today announced its first step in a major commitment to delivering world-class content to the Pandora audience. SiriusXM is creating a dedicated Content Team focused on applying SiriusXM's critically-acclaimed and proven model of curation and exclusive programming to the Pandora platform.
NEW YORK, March 5, 2019 /PRNewswire/ -- SiriusXM today announced that Jim Meyer, Chief Executive Officer, is scheduled to speak at the Deutsche Bank 27th Annual Media, Internet & Telecom Conference on Monday, March 11, 2019 at approximately 2:20 pm ET. Sirius XM Holdings Inc. (SIRI) is the world's largest audio entertainment company, and the premier programmer and platform for subscription- and advertising-supported audio products. With the recent addition of Pandora, the largest streaming music provider in the U.S., SiriusXM reaches more than 100 million people with its audio products.
For Berkshire Hathaway's $112 billion in cash and equivalents on hand, either of these two companies would make for a logical acquisition.
Short interest hit a 52-week low for the satellite-radio provider, two weeks after clocking in at a new high. Closing on the Pandora deal played a starring role, but this isn't a solo effort.
NEW YORK, Feb. 28, 2019 /PRNewswire/ -- SiriusXM today debuted more than 100 new curated commercial-free streaming music channels featuring multiple variations of SiriusXM's acclaimed lineup, giving listeners more music variety than ever before. SiriusXM's new Xtra Channels break down and mash up many of the SiriusXM channels you love to match any mood, occasion or activity.
In 2012 Jim Meyer was appointed CEO of Sirius XM Holdings Inc. (NASDAQ:SIRI). First, this article will compare CEO compensation with compensation at other large companies. After that, we willRead More...
NEW YORK, Feb. 28, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Two giants of audio entertainment square off in a battle of the band brands. The disrupted may wind up being the disruptor.
Pandora, the largest streaming music provider in the U.S., today introduced Pandora Stories, a unique new artist marketing tool that allows creators to combine the narrative possibilities of podcasts with the emotional power of music playlists. Pandora Stories is a valuable new addition to Pandora’s Artist Marketing Platform (AMP), a suite of free self-serve marketing tools that has already generated over three billion listener impressions by helping artists connect directly with fans and further increase streams of their songs, albums and podcasts. Pandora Stories allow artists to create music playlists interspersed with voice tracks so that they can tell the stories behind the music, artists, and inspirations that move them, and bring their songs to life in a uniquely personal way whether it’s promoting a new single or shining a light on their greatest influences.
NEW YORK, Feb. 22, 2019 /PRNewswire/ -- SiriusXM today announced that its new and improved app, which showcases a redesigned user experience, as well as SiriusXM Video from The Howard Stern Show, is now available on Apple TV 4K and Apple TV (4th generation).
For the better part of the past decade, shares of Sirius XM (NASDAQ:SIRI) have been on a steady uptrend. Long story short, SIRI stock went from under $1 in early 2010 to $7 by mid-2018, as the satellite-radio giant consistently grew its subscriber base, revenues, margins, and profits.Source: Vinod Sankar via FlickrBut that growth trajectory slowed in late 2018, causing SIRI stock to stop rising . As of this writing, SIRI stock is 20% off its all-time highs, and the shares have been on a downtrend for the past eight months.Unfortunately, things may not get better anytime soon for Sirius XM stock. The reality is that, while Sirius has staying power in the music-broadcasting industry, the company's growth is slowing on every front. Its subscriber growth, revenue growth, and average revenue per user (ARPU) growth are all slowing. And after expanding for several years, its margins are going in the opposite direction. Finally, the growth of its bottom line has flattened.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Healthy Dividend Stocks to Buy for Extra Stability In other words, slowing growth is a major problem for Sirius and for SIRI stock, which will likely remain stuck in a downtrend until the company's growth accelerates. Sirius' Growth Outlook Is SlowingAlthough there has been a massive shift towards music-streaming services like Spotify (NYSE:SPOT), demand for Sirius radio has remained robust, due to the company's unique content and delivery method. As a result, Sirius XM has actually been able to grow alongside streaming music services like Spotify, adding roughly 1.7 million subscribers per year over the past five years.Meanwhile, because consumers see the value of Sirius XM Radio, the company hasn't been forced to cut prices to drive growth. Instead, its ARPU has actually grown, rising at an average pace of roughly 2.5% per year over the past eight years. Simultaneous sub and ARPU growth have led to healthy revenue growth over the past several years for SIRI. That has been accompanied by robust margin expansion, a combination which has led to healthy profit growth.But all of those positive trends slowed in 2018. The company's subscriber growth slowed. Its ARPU growth was flat, and its margins actually dropped, leading to relatively muted profit growth. Meanwhile, all of these metrics are expected to weaken next year. Sub growth is expected to slow further, while revenue growth is expected to drop and its margins are expected to decline more. Finally, its EBITDA, excluding certain items, is expected to barely move higher.Clearly, Sirius' growth outlook is slowing. Under the hood, the company is probably starting to rub elbows with the likes of Spotify, YouTube, and others, the sum of whom will ultimately put a cap on how big Sirius' sub base gets. It looks like that cap is rapidly approaching. Also, its margins are maxed out. Music-royalty fees are going up, and they will likely go up forever in spaced-out increments, meaning SIRI's EBITDA margins are most likely maxed out near 40%.Overall, the era of sustained, robust user, revenue, and profit growth is over for SIRI. Going forward, all three metrics will head higher, but at a slower rate than what we've seen over the past several years. Sirius XM Stock Is Fully ValuedGiven Sirius' slowing growth prospects, SIRI stock is fully valued here and now.Its revenue is expected to rise just under 6% next year, while its margins are expected to drop and it has estimated that its EBITDA will rise by less than 3%. Moreover, the company's revenue growth should continue to slow over the next several years as its subscriber base peaks.The company's margins should rebound once the most recent increase in its music-royalty fee phases out. But that headwind will come back in a few years, ultimately keeping its adjusted EBITDA margin expansion tepid.That combination of slow revenue growth and tepid margin expansion should drive mild profit growth, excluding the company's acquisition of Pandora. Thus, SIRI could be looking at EPS of 50 cents by fiscal 2025. Based on a forward multiple of 20, which is average for growing companies, that equates to a $10 price target for SIRI stock by fiscal 2024. Discounted back by 10% per year, that implies a fiscal 2019 price target for Sirius XM stock of just over $6.That is roughly where SIRI trades today, implying limited upside over the next several months. The Bottom Line on SIRI StockSirius is a good company with healthy, long-term growth prospects. But the company's growth is slowing, and slowing growth will ultimately prevent SIRI stock from rising much above its current levels. So until current the company's slowing growth trends reverse course or the stock's valuation compresses meaningfully, it's best to avoid SIRI stock.As of this writing, Luke Lango was long SPOT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Slowing Growth Is a Headwind for Sirius XM Stock appeared first on InvestorPlace.