Dallas, Texas 04/11/2014 (FINANCIALSTRENDS) – Sirius XM Holdings Inc. (NASDAQ:SIRI) as one of the leading broadcasters of music as well as sports, talk, entertainment and weather in the US, is now engaged in offering proprietary satellite radio systems on the basis of subscriptions.
Sirius XM Holdings Inc. (NASDAQ:SIRI) has in the first week of February 2014, reported fourth quarter earnings to the tune of $0.01 per share. Admittedly, this was much lower than the average estimate of $0.01.
Sirius XM Holdings Inc. (NASDAQ:SIRI) has also launched two new stations by this satellite radio company. The first of these two launches, which has begun presentations on April 10 is called as the Comedy Cellar show.
This channel will be hosted by the owners of the Comedy Cellar club, in New York City- Dan Naturman and Noam Dworman, who are comedians themselves.
Sirius XM Holdings Inc. (NASDAQ:SIRI) second channel is limited series on Popes and will be a special Catholic Channel. It will broadcast canonizations of both Pope John XXIII as well as Pope John Paul II. Other archived content on other Popes too will now be available for the listening pleasure of audiences.
Though Liberty Media, turned away from investing in this unusual radio satellite broadcaster, Sirius is definitely not at a loss. Analysts even go on to suggest that Liberty Media’s loss could well be Sirius Holdings gain and nearly most of the analysts recommend a buy on this entertainment media stock.
Sirius when analysed indicates high revenue growth, way above the industry average of 4.0%. The net operating cash flow of this company too is reportedly high at $358.58 million or 22.28% in comparison to last year.
The gross profit margins are high and are currently at 60.37%. However, it has failed to see appreciation on the S&P 500. But the stock price has definitely witnessed a rise which is steep.