Sirius XM Radio Inc stock outlook 2012

Indonesia stock info Sirius XM Radio Inc stock outlook 2012 ; Sirius XM Radio Inc: Year-to-date, stock of Sirius XM Radio Inc. (NASDAQ: SIRI) is up +13%. Sirius offers satellite radio content on music, sports and news in the United States for a subscription fee. In the last 12 months, SIRI has gained an impressive +112%, compared to much smaller gains by the broader markets.

Sirius XM Radio Inc. (NASDAQ: SIRI) yesterday provided its outlook for 2012 and affirmed its outlook for 2011. The satellite radio company expects revenue growth of 10% to $3.3 billion in 2012. The company expects adjusted EBITDA to climb 20% to $860 million in 2012. Free cash flow is expected to rise 75% to $700 million.

Mel Karmazin, CEO of Sirius, said that the company’s new guidance for 2012 shows its expectation of robust growth next year. Karmazin also said that the company’s outstanding financial performance in the midst of considerable economic uncertainty will continue in 2012 as it grows subscriber base and free cash flow.

Sirius also affirmed its outlook for the current year. The company expects net subscriber additions of approximately 1.6 million in 2011. Revenue is expected to come in at $3 billion in 2011. Adjusted EBITDA is forecast to come in at $715 million in 2011.

Sirius released its second-quarter financial results last month. The company reported second-quarter revenue of $744 million, representing an increase of 6% over the same period in the previous year. The company’s adjusted EBITDA for the second quarter was $185 million, up 20% over the same period in the previous year.

Since the release of second-quarter financial results Sirius shares fell 14.69%. Year-to-date the stock is up 10.77%.

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