Market Update (NASDAQ:SIRI): Daily Esports Show Launches on SiriusXM April 11

[Business Wire] – SiriusXM and IGN, the leading Internet media company focused on video games and entertainment, today announced they are teaming up to produce a new daily esports satellite radio show dedicated to the fast-growing world of competitive gaming. Read more on this. Sirius XM Holdings Inc. (SIRI) , valued at $19.47B, started trading this morning at $3.84. Shares have traded today between $3.80 and $3.87 per share with its 52-week range being $3.29 to $4.20. SIRI shares are currently priced at 27.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.19x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.03 per share, which would be $0.01 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.14 would be a $0.05 improvement 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. Given all the information above, we should disclose to readers that the average price target is $4.53, which is 17.97% above than it opened this morning. See more in (NASDAQ:SIRI) Similar Articles: Company Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Expanded Coverage for 2016 PGA Merchandise Show Market Update (NASDAQ:SIRI): Gabriel Iglesias Hosts New Weekly Show Exclusively on SiriusXM Stock Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – Stephen K. Bannon to Headline New Morning Show "Breitbart News Daily" Exclusively on SiriusXM