SIRI - Sirius XM Holdings Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
6.26
-0.08 (-1.26%)
At close: 4:00PM EDT

6.28 +0.02 (0.32%)
After hours: 7:28PM EDT

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Previous Close6.34
Open6.36
Bid6.26 x 800
Ask6.28 x 301800
Day's Range6.23 - 6.37
52 Week Range5.23 - 7.04
Volume44,965,245
Avg. Volume20,695,651
Market Cap27.638B
Beta (3Y Monthly)0.90
PE Ratio (TTM)28.33
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.05 (0.76%)
Ex-Dividend Date2019-08-08
1y Target EstN/A
Trade prices are not sourced from all markets
  • Hold That Recession: U.S. Indicators Are Trouncing Forecasts
    Bloomberg

    Hold That Recession: U.S. Indicators Are Trouncing Forecasts

    (Bloomberg) -- The U.S. economy is outperforming expectations by the most this year, offering a fresh rebuttal to last month’s resurgent recession fears fueled by the trade war and a manufacturing slump.The Bloomberg Economic Surprise Index has reached an 11-month high after four indicators released Thursday, including existing home sales and jobless claims, each surpassed expectations. The gauge continued to advance after swinging to positive from negative on Tuesday for the first time this year. The data also pushed a similar measure produced by Citigroup Inc. to the highest level since April 2018.“It says things are getting better,” said Jim Paulsen, chief investment strategist at Leuthold Group in Minneapolis “There’s a definitive change in the growth profile and there’s an acceleration in growth. It’s interesting how pessimistic the attitudes still are among investors, yet when you look at surprise indexes, you would think people would feel better about growth. There’s a disconnect.”The readings are signaling a somewhat brighter mood about the world’s largest economy after some indicators and markets stoked fears last month of a quicker ending to the record-long economic expansion.Federal Reserve policy makers on Wednesday highlighted the economy’s strength even as they moved forward with their second-straight interest-rate reduction to guard against elevated risks to the expansion. Investors are growing more upbeat too, lifting U.S. equity benchmarks back near records this month.Paulsen also noted similar surprise upbeat readings in other parts of the world, including Europe and Japan.St. Louis Fed President James Bullard, asked Friday about rising surprise indexes, pointed to mixed readings and diverging sectors. “We have a very strong labor market that’s underpinning good consumption growth in the U.S., the household sector is generally doing well,” he told Wharton Business Radio on Sirius XM. He said other parts of the economy are seeing weakness with global growth slowing and Europe “teetering on recession.”Thursday’s raft of U.S. data included the Labor Department’s report on initial filings for unemployment benefits, which matched the most optimistic estimate in Bloomberg’s survey and were just above historically low levels.Elsewhere, the unchanged reading on the Conference Board’s index of leading economic indicators -- a barometer of future growth -- compared with projections for a decline.In addition, an industry report on August existing home sales sailed above all forecasts following a report Wednesday showing the strongest pace of housing starts since 2007, signaling that residential construction may add to economic growth in the third quarter for the first time since the end of 2017.Within manufacturing, the Philadelphia Fed’s index of manufacturing business activity in September topped estimates Thursday as factories continued to expand at a moderate pace. On the other hand, the New York Fed’s Empire State factory index was more downbeat earlier this week.To be sure, several better-than-forecast data points don’t amount to an all-clear sign for the economy. American business is still reluctant to ramp up capital investment against a backdrop of trade policy uncertainty and tepid global demand.The chances of recession in the next 12 months are up to 35% from 20% at the end of last year, according to a Bloomberg survey of economists earlier this month. Forecasters still project 2.2% GDP growth this year and 1.7% in 2020.Recession concerns grew last month after President Donald Trump announced more tariffs on Chinese goods, prompting a retaliation, while the stock market slumped and a key part of the Treasury yield curve inverted -- a traditional harbinger of recession.“People got overly pessimistic about the U.S. economic outlook,” said Mark Vitner, senior economist with Wells Fargo & Co. Now, he says, “the message is growth is slower, yes, but the risk of recession is grossly overstated. As long as the Fed continues to do the right thing” by cutting rates a couple more times.“A year from now we’ll look back and say, yes, we pivoted to slower growth and job growth slowed, but there is still a lot going right with the economy,” he said.(Adds comment from Fed’s Bullard in eighth paragraph.)To contact the reporters on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net;Steve Matthews in Atlanta at smatthews@bloomberg.netTo contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Vince GolleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • AMZN's HD Push Heats Up Battle Against AAPL, SPOT & Others
    Zacks

    AMZN's HD Push Heats Up Battle Against AAPL, SPOT & Others

    Amazon's (AMZN) Amazon Music HD is likely to give tough competition to Apple, Spotify, Google and Sirius, which are also making every effort to bolster their presence in music streaming space.

  • ETF Database

    Invesco Launches Two Corporate Bond ETFs

    Invesco launched two new ETF entries as a part of their BulletShares suite on Thursday, Sept. 12. The Invesco BulletShares 2027 High Yield Corporate Bond ETF and the Invesco BulletShares 2029 Corporate Bond ETF (BSCT n/a) have now found their way to the NYSE.

  • Ambev Stock Might Be the Best Beer Bet Heading into 2020
    InvestorPlace

    Ambev Stock Might Be the Best Beer Bet Heading into 2020

    Back in April, I featured Brazilian beer company Ambev (NYSE:ABEV) in an article about the best large-cap stocks to own under $10. As I write this, Ambev stock is up 4.5%.Source: Daniel Spiess via FlickrThe two other stocks recommended: Ford (NYSE:F) is down 1.6% and Sirius XM (NYSE:SIRI) is up 13.7%. Over the same five months, the S&P 500 is up 2.5%, an indication that low-priced stocks did well over the summer.As for Anheuser-Busch (NYSE:BUD), who owns more than 60% of ABEV stock is up 6.9% over the same period, 240 basis points higher than its Brazilian subsidiary. However, year to date it's up 45.0% including dividends through Sept. 11, 2.4 times Ambev's total return for the year. InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith three-and-a-half months left in 2019, I'm wondering if ABEV, BUD, or some other beer stock is the best bet heading into 2020. Ambev Stock is the Best BetAmbev's 15-year total annual return is quite good, at 11.2%. That trails both its brewing peers and the Brazilian market at 13.5%. However, the entire U.S. market over this period could only muster a total return of 9.3%. * 10 Battered Tech Stocks to Buy Now My InvestorPlace colleague Vince Martin recently highlighted in an article in late August that Ambev has a much stronger balance sheet than its parent and is growing its normalized EBITDA on an organic basis at more than 10% per year. In the first six months of 2019, Ambev's revenues increased by 7.4%. Three of its operating segments: Brazil, Central America and the Caribbean, and Canada delivered growth while only the company's South American division (excluding Brazil) experienced declining sales. South America might be experiencing a craft beer boom but Ambev's holding its own in a very competitive market. It's also important to remember that Ambev also makes non-alcoholic beverage products. In the first six months of 2019, it grew this segment by 19.6%, accounting for 15% of Ambev's overall revenues. Although Ambev has only paid an eight-cent dividend so far in 2019, its goal is to deliver an average annual yield of 5%. Currently, its forward dividend yield is 5.2%. Over the long haul, buying ABEV stock under $5 should deliver above-average results, including the dividends. Bud's the CallEven though Budweiser might have a ton of debt on its balance sheet (its net debt at the end of June was $104.2 billion) it still managed to generate $9.1 billion in free cash flow in the first six months of the year. On an annualized basis over the trailing 12 months, BUD had $11.5 billion in free cash flow, $54.1 billion in revenue, and a free cash flow margin of 21.1%. This means it's generating 21 cents of free cash flow for every $1 of revenue.Anheuser-Busch said to be reviving its IPO plans for its Asian business, a move that's expected to raise $5 billion and give it additional liquidity on the remainder of its ownership stake, the company's giving itself financial flexibility to pay down debt, repurchase shares, buy a cannabis company, or countless other things it could do with the funds. The point is, Anheuser-Busch is the largest beer company in the world. Investors shouldn't have a problem with a dividend yield of 3.5% given the appreciation it's experienced so far in 2019. The Bottom Line on Ambev StockIf you're not sure which beer company to back, a good alternative would be to buy a thematic portfolio, either through an ETF, mutual fund, or third-party provider such as Motif Investing. Motif currently has a portfolio called "Take a Shot" that invests in makers of alcoholic beverages including BUD and ABEV, which account for 19.4% and 16.6% of the portfolio, respectively. Beer stocks account for 46.3% of the portfolio with wine and spirits, accounting for the rest.Over the past year, it's generated a return of 8.6%, better than both the S&P 500 and the Invesco Dynamic Food & Beverage ETF (NYSEARCA:PBJ). At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Ambev Stock Might Be the Best Beer Bet Heading into 2020Â appeared first on InvestorPlace.

  • Smart speaker sales are surging in America — Amazon may be the big winner
    Yahoo Finance

    Smart speaker sales are surging in America — Amazon may be the big winner

    It's a smart speaker world, we just get to live in it.

  • 3 Top Stocks Under $20
    Motley Fool

    3 Top Stocks Under $20

    A social media comeback kid, one of the hottest media stocks of the past decade, and a high-yielding telco make the cut in this quest for the best stocks trading in the teens or lower.

  • What Is Sirius XM Holdings Inc.'s (NASDAQ:SIRI) Share Price Doing?
    Simply Wall St.

    What Is Sirius XM Holdings Inc.'s (NASDAQ:SIRI) Share Price Doing?

    Let's talk about the popular Sirius XM Holdings Inc. (NASDAQ:SIRI). The company's shares saw a double-digit share...

  • Have We Hit Peak Sirius XM?
    Motley Fool

    Have We Hit Peak Sirius XM?

    Growth is slowing for the satellite radio monopoly, but it has a few tricks up its sleeve to keep the business and share price growing.

  • Sirius XM Goes to College and Doesn't Flunk Out
    Motley Fool

    Sirius XM Goes to College and Doesn't Flunk Out

    The satellite radio provider's discounted $4-per-month streaming package for university students makes sense.

  • Sirius XM (SIRI) Down 2.1% Since Last Earnings Report: Can It Rebound?
    Zacks

    Sirius XM (SIRI) Down 2.1% Since Last Earnings Report: Can It Rebound?

    Sirius XM (SIRI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Benzinga

    FreightWaves Radio Preview: The Market, GATS And Brakes

    A discussion of the state of the possibly revived trucking market and interviews from the floor of the Great American Truck Show will highlight this weekend's edition of FreightWaves Radio on SiriusXM ...

  • Better Buy: Sirius XM vs. Apple
    Motley Fool

    Better Buy: Sirius XM vs. Apple

    The iPhone giant and satellite radio star are masters when it comes to premium music, but let's see which of the two monster stocks over the past 10 years can deliver in the years ahead.

  • Here's Why We Think Sirius XM Holdings (NASDAQ:SIRI) Is Well Worth Watching
    Simply Wall St.

    Here's Why We Think Sirius XM Holdings (NASDAQ:SIRI) Is Well Worth Watching

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • JPMorgan Is Still Bearish on General Electric Stock
    InvestorPlace

    JPMorgan Is Still Bearish on General Electric Stock

    It's been almost two weeks since General Electric (NYSE:GE) announced its Q2 earnings. Although they were slightly better than expected, General Electric stock has dropped meaningfully since its results were unveiled. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore you buy GE stock, you might want to consider that the biggest GE stock bear -- Stephen Tusa of JPMorgan, who was bearish on General Electric stock way back in April 2013 -- continues to be unimpressed by CEO Larry Culp's turnaround plan. * 7 Safe Dividend Stocks for Investors to Buy Right Now Investors don't seem too impressed with Culp's plan, either. Since Culp's taken the top job at GE in October 2018, the GE stock price is down about 25%.Despite the warnings of JPMorgan's Tusa, the longtime General Electric stock bear, some investors might think they should be greedy when others are fearful when it comes to GE stock. But that would be a mistake. GE isn't the company it once was, Tusa is not the only analyst who's skeptical about Culp's ability to turn the company around. Moreover, there are better stocks with share prices under $10 and there are better names with market caps of around $80 billion. There are many reasons why investors might want to think twice about General Electric stock. Here are three of them The Bear's Not BitingEven though GE beat analysts' estimates and the company raised its full-year outlook, Tusa suggested that weakness at its Power and Renewables businesses made General Electric stock undesirable."The quarter was a miss operationally, with the combined Power/Renewables segments worse (despite no H-class turbine deliveries which is accretive), offset by modest upside at Healthcare and a material miss at Aviation, the key value driver," Tusa stated in his a July 31 note to his clients. "The stock is up on the headlines, as it has been many times before, but, like in the past, the underlying core fundamentals are actually a bit worse, and we remain underweight on this basis and would be selling into any strength," the analyst added. Tusa has a $5 price target on General Electric stock at the moment. To make things worse, GE stock price breached its 200-day moving average on Aug. 9 for the first time since early June. Nine analysts have a "buy" rating on GE, nine have a "hold" rating and two have a "sell" rating. As for their target prices, the high is $21, and the average is $11.83. If GE stock price rebounds to the average target, it will have generated a return of nearly 25%. That's tempting, but I wouldn't bet against Tusa at this point. Better Choices Than General Electric Stock There aren't a lot of large-cap stocks, other than financials, with share prices of less than $10.However, I would suggest that Sirius XM (NASDAQ:SIRI), Ford (NYSE:F), Cenovus (NYSE:CVE), and CNH Industrial (NYSE:CNH) would all make better buys than General Electric stock at this point.As for large-cap stocks with market caps of around $80 billion, investors could put together a diversified, 20-company portfolio of similarly valued stocks that could do better than GE stock over the long haul.Stocks that come to mind include Mondelez International (NASDAQ:MDLZ), CVS Health (NYSE:CVS), and Intuit (NASDAQ:INTU). As I stated in July, the gains GE has made in 2019 -- it's up 23.3% including dividends, through August 9 -- are profits that should be taken. "While it might regain positive free cash flow by 2020, its earning power won't be nearly as robust as it once was. As recently as 2014, GE had almost $21 billion of free cash flow. After selling so many divisions to tidy up its balance sheet, it's lost the ability to generate significant cash flow," I wrote in a column published on July 12."Analysts like Stephen Tusa see that as a big problem. I would tend to agree with them." I added.At the end of the day, Larry Culp won't be able to return GE to its glory years. He might be able to build a reasonably sound business in three to five years, but he's never going to make it a $300 billion market cap giant like it was before the last major recession in 2008. Investors shouldn't buy General Electric stock until Stephen Tusa changes his stripes and becomes a GE stock bull. But you've probably got a better shot at winning the lottery. Once analysts are bears, they usually stay bearish. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post JPMorgan Is Still Bearish on General Electric Stock  appeared first on InvestorPlace.

  • Some AT&T Unlimited customers will get Spotify Premium for free
    Yahoo Finance

    Some AT&T Unlimited customers will get Spotify Premium for free

    In an effort to bring in more Premium subscribers, Spotify (SPOT) has announced it’s teaming up with AT&T (T) to court the mobile carrier’s customers.

  • Why Sirius XM Holdings Stock Rose 12% in July
    Motley Fool

    Why Sirius XM Holdings Stock Rose 12% in July

    The audio entertainment leader raised its revenue and earnings forecast for 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of SIRI earnings conference call or presentation 30-Jul-19 12:00pm GMT

    Q2 2019 Sirius XM Holdings Inc Earnings Call

  • The Zacks Analyst Blog Highlights: Apple, BP, Canadian National, Advanced Micro Devices and Sirius XM
    Zacks

    The Zacks Analyst Blog Highlights: Apple, BP, Canadian National, Advanced Micro Devices and Sirius XM

    The Zacks Analyst Blog Highlights: Apple, BP, Canadian National, Advanced Micro Devices and Sirius XM

  • Top Research Reports for Apple, BP & Canadian National
    Zacks

    Top Research Reports for Apple, BP & Canadian National

    Top Research Reports for Apple, BP & Canadian National

  • Sirius XM Holdings (SIRI) Q2 Earnings Beat, Revenues Up Y/Y
    Zacks

    Sirius XM Holdings (SIRI) Q2 Earnings Beat, Revenues Up Y/Y

    Sirius XM Holdings' (SIRI) second-quarter 2019 results benefit from the Pandora acquisition, subscriber base expansion and higher ARPU.

  • Sirius XM Holdings Inc (SIRI) Q2 2019 Earnings Call Transcript
    Motley Fool

    Sirius XM Holdings Inc (SIRI) Q2 2019 Earnings Call Transcript

    SIRI earnings call for the period ending July 30, 2019.

  • Benzinga

    Sirius XM Ticks Higher After Q2 Earnings Beat

    Sirius XM Holdings (NASDAQ: SIRI ) reported second-quarter earnings of 6 cents per share, which beat the analyst consensus estimate of 5 cents by 20%. This is unchanged from the same period last year. ...

  • Sirius XM (SIRI) Surpasses Q2 Earnings and Revenue Estimates
    Zacks

    Sirius XM (SIRI) Surpasses Q2 Earnings and Revenue Estimates

    Sirius XM (SIRI) delivered earnings and revenue surprises of 20.00% and 2.44%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • We Think Sirius XM Holdings (NASDAQ:SIRI) Can Stay On Top Of Its Debt
    Simply Wall St.

    We Think Sirius XM Holdings (NASDAQ:SIRI) Can Stay On Top Of Its Debt

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...