Company Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM® Music for Business Now Available on Sonos

[PR Newswire] – NEW YORK, May 20, 2016 /PRNewswire/ — SiriusXM and Sonos today announced the debut of SiriusXM Music for Business on Sonos. SiriusXM will demonstrate SiriusXM Music for Business at the National Restaurant Association show in Chicago, from May 21-24, in booth #4578. Read more on this. Sirius XM Holdings Inc. (SIRI) , valued at $19.54B, opened at $3.90. Looking at today’s trading action, the company’s one day range from $3.90 to $3.95 with the price of the stock fluctuating between $3.29 to $4.20 over the last 52 weeks. SIRI shares are currently priced at 25.93x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 24.58x forward p/e ratio. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.04 per share, which would be $0.02 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.15, which would be a $0.06 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.22 Billion. If realized, that would be a 7.96% increase over the year-ago quarter. In terms of ratings, Gabelli & Co Initiated SIRI at Buy (Sep 18, 2015). Previously, Wunderlich upgraded SIRI from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $4.60, which is 17.95% 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 Stock Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Sports and Entertainment Programming for Super Bowl Week Company Update: Sirius XM Holdings Inc (NASDAQ:SIRI) – SiriusXM Announces Expanded Coverage for 2016 PGA Merchandise Show