TiVo (TIVO) Announces Quarterly Results
TiVo (NASDAQ:TIVO) released its earnings data on Tuesday. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01, AR Network reports. The company had revenue of $86.60 million for the quarter, compared to the consensus estimate of $87.72 million. During the same quarter in the prior year, the company posted $1.96 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis.
Shares of TiVo (NASDAQ:TIVO) traded up 2.21% on Tuesday, hitting $13.90. The stock had a trading volume of 1,792,351 shares. TiVo has a one year low of $10.82 and a one year high of $14.25. The stock has a 50-day moving average of $13.47 and a 200-day moving average of $12.73. The company has a market cap of $1.596 billion and a P/E ratio of 6.49.
A number of research firms have recently commented on TIVO. Analysts at S&P Equity Research raised their price target on shares of TiVo from $8.12 to $10.32 in a research note on Thursday, August 14th. They now have an “average” rating on the stock. They noted that the move was a valuation call. On the ratings front, analysts at TheStreet upgraded shares of TiVo to a “buy” rating in a research note on Thursday, August 14th. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of TiVo in a research note on Friday, July 11th. They now have a $15.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. TiVo has a consensus rating of “Buy” and a consensus target price of $20.91.
TiVo Inc (NASDAQ:TIVO), a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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