Market Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Presents Extensive Live Concert Lineup on New Year’s Eve

[PR Newswire] – NEW YORK, Dec. 21, 2015 /PRNewswire/ — SiriusXM announced today that it will broadcast concerts, DJ sets and special performances live on New Year’s Eve. SiriusXM’s New Year’s Eve Live Concert Lineup … Read more on this. Sirius XM Holdings Inc. (SIRI) , valued at $20.80B, opened this morning at $4.01. Today’s price range has been between $3.97 and $4.01 per share with a trailing 52-week range being $3.31 to $4.20. Priced at 40.20x this year’s forecasted earnings, SIRI shares are relatively expensive compared to the industry’s 2.28x forward p/e ratio. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.03 per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.10, which would be a $0.02 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.19 Billion. If reported, that would be a 9.17% increase over the year-ago quarter. In terms of ratings, Wunderlich upgraded SIRI from Hold to Buy (Jul 29, 2015). Previously, Deutsche Bank Initiated SIRI at to Hold. Investors should keep in mind is that the average price target is $4.70, which is 17.21% above where the stock opened this morning. See more in (NASDAQ:SIRI) Similar Articles: Company Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM to Broadcast Pearl Jam’s Concert Live from Global Citizen Festival in New York City Market Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Programming for 2015 NFL Season Market Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Extensive Coverage of College Football’s Opening Week