Piper Jaffray Cos Estimates Boost up EPS estimates on shares of Sirius XM Radio Inc (NASDAQ:SIRI)

Sirius XM Radio Inc (NASDAQ:SIRI) telecasts its sports, entertainment, music, news, comedy, talk, weather and traffic channels through its two satellite radio systems in the United States on a subscription fee basis. According to American Banking News reports issued on Thursday Equities researchers at Piper Jaffray Cos. raised their EPS estimates on shares of Sirius XM Radio. The company has an “overweight” rating and a target price on the company’s shares is $5.00. Piper Jaffray Cos. forecasts a potential increase of 30.58% in price from the stock’s price previous close.

SIRI has been the subject of interest in some other recent research reports. On Monday 16 September   Zacks’s Analysts suggested a normal rating on share price of Sirius XM Radio. Their target price was $4. A research note to investors on Wednesday, July 31, Researchers of Barclays Capital also started coverage on shares of Sirius XM Radio. They also set an “overweight” rating like Piper Jaffray Cos.  and a target price of stock was $4.50. Finally, in a research note to investors on Tuesday, July 23 analysts at Wunderlich raised their price target on shares of Sirius XM Radio Inc (NASDAQ:SIRI) from $3.50 to $4.00. They have a “hold” rating on the shares. Five analysts have rated the stock of Sirius XM Radio with a hold rating while fifteen have issued a buy rating to the company’s stock. After consensus stock presently have of “Buy” rating and an average target price of $4.31.

On Thursday Company’s Shares traded up 1.33% and trading hitting $3.8799. Total of 11,807,007 shares of the company’s shares traded. Sirius XM Radio has a one year low of $2.44 and a one year high of $3.99. Market capitalization of the company is $24.091 billion and a price-to-earnings ratio of 51.05.

On July 25 Company last reported its quarterly earnings results. The company reported $0.02 earnings per share (EPS) for the quarter which meet the consensus EPS of $0.02. Total revenue of the company for the quarter was $838.00 million which is less than the consensus estimate of $934.40 million. In the last year’s same quarter the company posted $0.48 earnings per share. The company’s revenue increases for the quarter 12.2% on a year-over-year basis. Analysts expect that company will post $0.09 EPS for the current year.