Market Update (NASDAQ:SIRI): SiriusXM Expands Roster for Masters 2016 Coverage

[PR Newswire] – NEW YORK, April 1, 2016 /PRNewswire/ — SiriusXM today announced its comprehensive coverage for the 2016 Masters Tournament, which is highlighted by more than 70 hours of original talk programming, more than 20 hours of live Tournament play-by-play, several new shows hosted by past Masters champions and contenders, a guided course tour with Ben Crenshaw and Lou Holtz, and historic audio from the Augusta National archives. Masters week on SiriusXM programming is available to subscribers nationwide on satellite radios (Sirius channel 208, XM channel 92), on the SiriusXM app and at SiriusXM.com. Read more on this. Sirius XM Holdings Inc. (SIRI) , with a current value of $20.18B, began trading this morning at $3.95. Looking at today’s trading action, the company’s one day range from $3.93 to $4.00 with a one year range of $3.29 to $4.20. SIRI shares are currently priced at 28.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.94x forward p/e ratio. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.03 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $0.14 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.18 Billion. If reported, that would be a 9.26% increase over the year-ago quarter. Recently, Gabelli & Co Initiated SIRI at Buy (Sep 18, 2015). Previously, Wunderlich upgraded SIRI from Hold to Buy. The average price target for SIRI shares is $4.53, which is 14.68% above where the stock opened this morning. See more in (NASDAQ:SIRI) Similar Articles: Market Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Expanded Coverage of 2016 NCAA® Division I Men’s Basketball Championship; Every Game Now Available on SiriusXM App in Addition to Radios Company Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Expanded Coverage for 2016 PGA Merchandise Show Company Update (NASDAQ:SIRI): SiriusXM Offers Extensive Coverage of 2015-16 NBA Season