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SIRI

Sirius XM

$6.14

0.03 (0.49%)

07:03
04/24/19
04/24
07:03
04/24/19
07:03

Sirius XM reports Q1 EPS 3c, consensus 5c

Reports Q1 revenue $1.74B, consensus $1.77B. Revenue increased 27% compared to the prior year period, with growth driven by the acquisition of Pandora Media on February 1. Pro forma revenue increased 10% to $1.9B in Q1. SiriusXM added 131,000 net new self-pay subscribers in the first quarter to end with nearly 29.1 million self-pay subscribers. Total net subscriber additions in the first quarter were 132,000, resulting in more than 34.2 million total SiriusXM subscribers at the end of the period. Self-pay monthly churn for the quarter was 1.8%, flat compared to the first quarter of 2018. SiriusXM's first quarter of 2019 was an exciting time for the company. We're thrilled to have completed the Pandora acquisition on February 1st and have been working quickly to integrate and coordinate the operations of the two businesses. The year is off to a strong start, and today we are issuing combined guidance for 2019 that shows continuing revenue, adjusted EBITDA and free cash flow growth," said Jim Meyer, CEO.

  • 24

    Apr

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    May

SIRI Sirius XM
$6.14

0.03 (0.49%)

03/15/19
MSCO
03/15/19
INITIATION
Target $6.5
MSCO
Equal Weight
Sirius XM resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage of Sirius XM (SIRI) with an Equal Weight rating and $6.50 price target, noting that acquiring Pandora with shares was dilutive to free cash flow per share but something he considers "a relatively low risk bet." He expects pro forma SiriusXM to grow revenue and adjusted EBITDA at a 6% and 9% 5-year CAGR respectively from 2019-2023. Swinburne also resumed coverage of Liberty Sirius XM (LSXMK) with an Overweight rating.
01/30/19
01/30/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. United Continental (UAL) initiated with a Buy at Argus. 2. Amicus (FOLD) initiated with an Overweight at Cantor Fitzgerald. 3. Take-Two (TTWO) and Zynga (ZNGA) were initiated with a Buy at Goldman Sachs, while Electronic Arts (EA) and Activision Blizzard (ATVI) were initiated with a Neutral. 4. Sirius XM (SIRI) resumed with a Buy at B. Riley. 5. National Grid (NGG) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/29/19
RILY
01/29/19
INITIATION
Target $8
RILY
Buy
Sirius XM resumed with a Buy at B. Riley
B. Riley resumed Sirius XM with a Buy rating and a price target of $8.
01/28/19
01/28/19
UPGRADE
Target $7.25

Buy
Sirius XM upgraded to Buy on Pandora approval boost at Buckingham
As previously reported, Buckingham upgraded Sirius XM (SIRI) to Buy from Neutral and maintained a $7.25 price target. Analyst Matthew Harrigan expects a favorable Pandora (P) shareholder vote tomorrow to approve Sirius' acquisition and management to reiterate transaction benefits on the Q4 conference call on Wednesday. Harrigan said spectrum ownership and Pandora synergies increases Sirius' 2019 upside potential to $9.25

TODAY'S FREE FLY STORIES

FTI

TechnipFMC

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0.21 (0.85%)

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MO

Altria Group

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CVS

CVS Health

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FTI

TechnipFMC

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ORRF

Orrstown Financial

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MU

Micron

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AGN

Allergan

$162.60

32.95 (25.41%)

, ABBV

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AGN

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ALDX

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W

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AITB

AIT Therapeutics

$5.33

0.06 (1.14%)

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MU

Micron

$32.71

-0.47 (-1.42%)

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Earnings
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AITB

AIT Therapeutics

$5.33

0.06 (1.14%)

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MU

Micron

$32.71

-0.47 (-1.42%)

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AVAV

AeroVironment

$61.41

-0.52 (-0.84%)

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BBVA

Banco Bilbao

$5.52

-0.05 (-0.90%)

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CRTO

Criteo

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KHC

Kraft Heinz

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SPOT

Spotify

$144.12

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GBCI

Glacier Bancorp

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  • 19

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NSRGY

Nestle

$0.00

(0.00%)

, NVS

Novartis

$92.37

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NSRGY

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$0.00

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NVS

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DRRX

Durect

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COWN

Cowen Group

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INXN

Interxion

$75.06

-0.51 (-0.67%)

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16:30
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Options
Preliminary option volume of 17.5M today »

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SNX

Synnex

$92.01

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CRCM

Care.com

$14.13

0.21 (1.51%)

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