Brokerages forecast that TiVo Corp (NASDAQ:TIVO) will announce sales of $176.85 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for TiVo’s earnings, with estimates ranging from $169.50 million to $183.62 million. TiVo reported sales of $214.24 million in the same quarter last year, which indicates a negative year-over-year growth rate of 17.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that TiVo will report full year sales of $706.84 million for the current financial year, with estimates ranging from $701.62 million to $711.84 million. For the next fiscal year, analysts forecast that the company will post sales of $706.56 million, with estimates ranging from $696.66 million to $716.45 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover TiVo.
TiVo (NASDAQ:TIVO) last issued its earnings results on Wednesday, November 7th. The technology company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.44). TiVo had a positive return on equity of 4.62% and a negative net margin of 5.76%. The company had revenue of $164.70 million for the quarter, compared to analyst estimates of $166.85 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was down 16.8% on a year-over-year basis.
A number of research analysts recently commented on the company. B. Riley upped their price objective on TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, August 27th. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a report on Friday, August 24th. JPMorgan Chase & Co. decreased their price objective on TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, August 9th. Finally, ValuEngine upgraded TiVo from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its position in TiVo by 31.1% in the first quarter. Xact Kapitalforvaltning AB now owns 16,876 shares of the technology company’s stock valued at $229,000 after purchasing an additional 4,000 shares during the period. Rhumbline Advisers increased its holdings in TiVo by 1.5% in the second quarter. Rhumbline Advisers now owns 299,131 shares of the technology company’s stock valued at $4,023,000 after buying an additional 4,541 shares during the last quarter. Factorial Partners LLC increased its holdings in TiVo by 9.3% in the third quarter. Factorial Partners LLC now owns 59,000 shares of the technology company’s stock valued at $735,000 after buying an additional 5,000 shares during the last quarter. Engineers Gate Manager LP boosted its stake in TiVo by 6.5% in the second quarter. Engineers Gate Manager LP now owns 84,811 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 5,196 shares in the last quarter. Finally, HL Financial Services LLC boosted its stake in TiVo by 6.0% in the third quarter. HL Financial Services LLC now owns 106,394 shares of the technology company’s stock valued at $1,325,000 after acquiring an additional 5,986 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.
TIVO traded up $0.59 during trading hours on Wednesday, reaching $11.07. The company’s stock had a trading volume of 2,413,423 shares, compared to its average volume of 1,145,246. TiVo has a fifty-two week low of $10.45 and a fifty-two week high of $19.48. The stock has a market capitalization of $1.52 billion, a PE ratio of 17.74 and a beta of -0.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.47 and a current ratio of 3.54.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Wednesday, December 5th. TiVo’s payout ratio is 73.47%.
TiVo Company Profile
TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.
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