NEW YORK, November 3, 2016 /PRNewswire/ --
Stock-Callers.com's attention is redirected to the Services sector which plays a significant role in the global economy,
and is an increasingly important element in a country's development. In October, the sector's Sales Growth Index hit a
12-month high, registering the highest value in twelve months. Additionally, prices charged for Services grew slightly, which is
just above the 50 'no change level.' This morning, we selected four Services equities for further review: Sirius XM Holdings Inc.
(NASDAQ: SIRI), Pandora Media Inc. (NYSE: P), News Corp. (NASDAQ: NWSA), and Nexstar Broadcasting Group Inc. (NASDAQ: NXST).
Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
Sirius XM
New York headquartered Sirius XM Holdings Inc.'s shares declined 0.72%, closing Wednesday's
trading session at $4.13. The stock recorded a trading volume of 43.11 million shares. Shares of
the Company, which provides satellite radio services in the US, have advanced 1.47% since the start of this year. The stock is
trading 3.78% above its 200-day moving average. Additionally, shares of Sirius XM Holdings have a Relative Strength Index (RSI)
of 47.68.
On October 27th, 2016, Sirius XM reported record quarterly revenue of $1.3 billion for Q3 2016, up 9% from Q3 2015. The company's net income totaled $194
million in Q3 2016, up 16% from $167 million inQ3 2015. Net income per diluted common share
was $0.04 in Q3 2016 compared to $0.03 in Q3 2015. Sirius XM also
announced that its Board of Directors declared its first quarterly dividend in the amount of $0.01
per share of common stock payable on November 30th, 2016 to stockholders of record as of
the close of business on November 9th, 2016. The Board also approved an additional
$2 billion of share repurchases, bringing Sirius XM's total repurchase authorization to
$10 billion. Free research report on SIRI is available at:
http://stock-callers.com/registration/?symbol=SIRI
Pandora Media
On Wednesday, shares in Oakland, California headquartered Pandora Media Inc. recorded a
trading volume of 10.22 million shares, which was above their three months average volume of 5.52 million shares. The stock
dropped 5.19%, ending the day at $10.59. Shares of the Company, which provides Internet music
streaming services in North America, are trading below their 200-day moving average by 7.78%.
Furthermore, Pandora Media's stock has an RSI of 21.42.
On October 25th, 2016, Pandora reported that total consolidated revenue was
$351.9 million, a 13% y-o-y increase. Advertising revenue was $273.7
million, up 7% on y-o-y basis. For Q3 2016, GAAP net loss was $61.5 million compared to a
net loss of $85.9 million in Q3 2015, and adjusted EBITDA was a loss of $6.6
million compared to a profit of $31.5 million in Q3 2015. For Q3 2016, the Company ended
with $264.0 million in cash and investments compared to $311.3
million at the end of Q2 2016.
On October 28th, 2016, research firm Barrington Research reiterated its 'Outperform'
rating on the Company's stock with a decrease of the target price from $16 a share to $14 a share. The complimentary research report on P can be downloaded at:
http://stock-callers.com/registration/?symbol=P
News Corp.
New York headquartered News Corp.'s stock finished the day 1.74% lower at $11.84 and with a total trading volume of 1.94 million shares. Shares of the Company, which focuses on creating
and distributing content to consumers and businesses worldwide, are trading below their 200-day moving average by 4.37%. The
stock has an RSI of 25.79.
On October 22nd, 2016, News Corp. announced that it will release its Q1 FY17 results on
November 7th, 2016. The company's Chief Executive, Robert Thomson,
and Chief Financial Officer, Bedi A. Singh, will host a call with analysts and media to discuss
the results at 5:00 p.m. EST.
On October 27th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock
rating from 'Neutral' to 'Underperform'. Visit us today and access our complete research report on NWSA at:
http://stock-callers.com/registration/?symbol=NWSA
Nexstar Broadcasting Group
Shares in Irving, Texas headquartered Nexstar Broadcasting Group Inc. ended yesterday's
session 1.34% lower at $47.70 with a total trading volume of 455,758 shares. Shares of the Company,
which operates as a television broadcasting and digital media company in the US, are trading 3.55% below their 200-day moving
average. The stock has an RSI of 24.66.
On October 24th, 2016, Nexstar Broadcasting announced that its Board of Directors declared a
quarterly cash dividend of $0.24 per share of its Class A common stock. The dividend is payable on
November 18th, 2016, to shareholders of record on November 4th, 2016.
The Company stated that it intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends
will be reviewed quarterly and declared by the Board's discretion. Get free access to your research report on NXST at:
http://stock-callers.com/registration/?symbol=NXST
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