|Bid||0.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||5.99 - 6.09|
|52 Week Range||5.48 - 7.70|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||23.38|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.05 (0.82%)|
|1y Target Est||6.96|
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.
NEW YORK, Feb. 20, 2019 /PRNewswire/ -- SiriusXM today announced that David Frear, Senior Executive Vice President and Chief Financial Officer, is scheduled to speak at the Morgan Stanley Technology, Media & Telecom Conference on Monday, February 25, 2019 at approximately 3:00 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.
NEW YORK, Feb. 20, 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 all Amazon Fire TV products.
The satellite-radio provider has its largest number of shares sold short in more than a year. This has historically been a lousy bearish wager.
FreightWaves, the world's largest freight news and data provider, has announced the launch of FreightWaves Radio on SiriusXM's Road Dog Trucking Radio channel 146. Like FreightWaves itself, the live radio show will be driven by centuries of combined tribal knowledge in the freight sector, and powered by the startup's deep reservoirs of data insights, said founder and CEO Craig Fuller. "The airwaves are a critical battleground in the marketplace of ideas, and we're delighted to be able to expand our ability to cut through the jargon and misconceptions surrounding freight, call out bad data and false narratives, and drive transparency and disruption in the freight markets," Fuller said.
The Repurchase Offer is being made in accordance with the indenture governing the Notes, which requires Pandora Media, LLC to commence an offer to repurchase the Notes at the Purchase Price within ten business days from February 1, 2019, which was the date of the closing of Sirius XM Holdings Inc.'s acquisition of Pandora Media, LLC. The Repurchase Offer will expire at 11:59 p.m., New York City time, on March 14, 2019, unless extended or earlier terminated (the "Offer Expiration Date"). Holders of the Notes must validly tender their Notes at or before the Offer Expiration Date in order to be eligible to receive the Purchase Price. Notes tendered may be withdrawn at any time at or before the Offer Expiration Date, but not thereafter, unless extended or required by applicable law.
The vast majority of companies that reported their fourth-quarter earnings between Jan. 1 and Feb. 1 did so without completing an audit, a practice that experts say could have troublesome consequences.
The satellite-radio provider is already trying to pitch its freshly acquired streaming radio platform to its premium radio subscribers.
Fans nationwide get live broadcast of 61st Daytona 500 on Feb. 17 Kelley Earnhardt Miller, Jeff Hammond, John Roberts and Parker Kligerman join roster of hosts on SiriusXM NASCAR Radio; Danielle Trotta ...
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 and declining Bearish sentimentShort interest | PositiveShort interest is low for SIRI with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on February 6. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding SIRI totaled $2.94 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.
Key Apple Updates: iPhone Pricing, Service Business, Outlook(Continued from Prior Part)Record service revenue There is a lot of investor attention focused on Apple’s (AAPL) service business and for good reason. As the smartphone market becomes
Tech Updates: PayPal, Square, Spotify, and Tencent(Continued from Prior Part)$659 million revenue opportunity Spotify (SPOT) is in talks to buy podcast producer Gimlet Media, Recode reported. The talks come at a time when Spotify has said that it
NEW YORK, Feb. 5, 2019 /PRNewswire/ -- SiriusXM today announced that SiriusXM radios are now standard equipment in the United States on International Truck's entire collection of on-highway tractors – the LoneStar®, LT® Series and RH™ Series. Additionally, anyone purchasing one of these models will receive a three-month introductory subscription to SiriusXM All Access, which is SiriusXM's most expansive programming package and gives the subscriber access to SiriusXM both on the radio and via the SiriusXM app. "Our trucks are our drivers' homes while on the road, so providing comfort is a top priority for us," said Jim Nachtman, Navistar heavy duty marketing director.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! This article is written for those who Read More...
Sirius XM Holdings on Friday completed its purchase of Pandora Media, creating what it called "the world's largest audio entertainment company." Sirius XM stock rose on the news.
Sirius XM Holdings Inc. confirmed Friday that it has completed its $3.5 billion all-stock acquisition of Pandora Media. Sirius XM first disclosed that a deal was in the works back in September. Now that the transaction has wrapped up, New York-based Sirius XM (NASDAQ: SIRI) touts itself as “the world’s largest audio entertainment company” with “strong, long-term growth opportunities”.
NEW YORK, Feb. 1, 2019 /PRNewswire/ -- Sirius XM Holdings Inc. (SIRI) today announced that it has completed its acquisition of Pandora Media, Inc. With the transaction complete, SiriusXM is the world's largest audio entertainment company with strong, long-term growth opportunities. Jim Meyer, Chief Executive Officer of SiriusXM, said, "This is a tremendous outcome for two organizations with complementary platforms and large audiences, and we could not be more excited to be moving forward as one company. With SiriusXM's subscription-based national service of curated and exclusive content and programming, and Pandora, the largest U.S. streaming music provider with its highly personalized free ad-supported service, under one roof, SiriusXM now reaches more than 100 million people across its audio products.
NEW YORK, Jan. 31, 2019 /PRNewswire/ -- Sirius XM Holdings Inc. (SIRI) today announced that the previously announced consent solicitation by Sirius XM Radio Inc., its subsidiary, with respect to certain proposed amendments to the indenture governing Pandora Media, Inc.'s 1.75% Convertible Senior Notes due 2023 (the "2023 Notes") expired at 5:00 p.m., New York City time, on January 31, 2019 (the "2023 Notes Expiration Time"). As of the 2023 Notes Expiration Time, Sirius XM Radio Inc. had received valid consents in respect of at least a majority of the aggregate principal amount of all outstanding 2023 Notes (the "2023 Notes Requisite Consents") to the proposed amendments with respect to the indenture governing the 2023 Notes. Promptly upon receipt of the 2023 Notes Requisite Consents on January 31, 2019, Pandora Media, Inc. and Citibank, N.A., the trustee under the indenture for the 2023 Notes, entered into a supplemental indenture to the indenture governing the 2023 Notes implementing the proposed amendments with respect to the 2023 Notes, at which time such supplemental indenture became effective.
NEW YORK, Jan. 31, 2019 /PRNewswire/ -- SiriusXM announced today that The Highway channel will exclusively broadcast four live concerts from nine-time CMA and ACM Award winner Eric Church. SiriusXM's The Highway channel will bring listeners on the Double Down Tour by airing four live concerts, from different cities, every Friday night in February.