Equities research analysts expect Pandora Media, Inc. (NYSE:P) to report earnings of ($0.39) per share for the current quarter, according to Zacks. Twelve analysts have made estimates for Pandora Media’s earnings, with the lowest EPS estimate coming in at ($0.54) and the highest estimate coming in at ($0.31). Pandora Media posted earnings per share of ($0.26) during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, July 31st.

On average, analysts expect that Pandora Media will report full-year earnings of ($1.07) per share for the current year, with EPS estimates ranging from ($1.48) to ($0.75). For the next financial year, analysts expect that the company will report earnings of ($0.73) per share, with EPS estimates ranging from ($1.01) to ($0.36). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Pandora Media.

Pandora Media (NYSE:P) last released its quarterly earnings data on Monday, May 8th. The Internet radio service reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.13. The business had revenue of $316 million during the quarter, compared to analysts’ expectations of $318.15 million. Pandora Media had a negative net margin of 25.66% and a negative return on equity of 45.15%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS.

Several research analysts have commented on P shares. BMO Capital Markets reissued a “hold” rating and set a $12.00 price target on shares of Pandora Media in a research note on Sunday, July 16th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Pandora Media in a research note on Thursday, July 6th. Morgan Stanley reissued an “overweight” rating and set a $12.00 price target on shares of Pandora Media in a research note on Wednesday, July 5th. Aegis reissued a “buy” rating and set a $13.00 price target on shares of Pandora Media in a research note on Friday, June 30th. Finally, Macquarie reissued a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of Pandora Media in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.03.

Pandora Media (NYSE P) traded down 0.55% during trading on Friday, reaching $9.09. 812,902 shares of the company were exchanged. Pandora Media has a one year low of $6.76 and a one year high of $14.98. The company’s market capitalization is $2.18 billion. The firm’s 50-day moving average is $8.54 and its 200 day moving average is $10.89.

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In other news, President Michael S. Herring sold 11,730 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total transaction of $110,027.40. Following the completion of the sale, the president now owns 548,230 shares of the company’s stock, valued at approximately $5,142,397.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Douglas Martin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $9.18, for a total transaction of $27,540.00. Following the sale, the insider now directly owns 257,921 shares of the company’s stock, valued at approximately $2,367,714.78. The disclosure for this sale can be found here. In the last three months, insiders sold 43,642 shares of company stock valued at $411,284. 2.59% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its stake in Pandora Media by 1.0% in the first quarter. Asset Management One Co. Ltd. now owns 31,074 shares of the Internet radio service’s stock valued at $365,000 after buying an additional 316 shares during the last quarter. Concourse Capital Management LLC raised its stake in Pandora Media by 0.4% in the first quarter. Concourse Capital Management LLC now owns 95,378 shares of the Internet radio service’s stock valued at $1,126,000 after buying an additional 378 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Pandora Media by 3.8% in the first quarter. Teacher Retirement System of Texas now owns 17,702 shares of the Internet radio service’s stock valued at $209,000 after buying an additional 640 shares during the last quarter. Gruss & Co. Inc. raised its stake in Pandora Media by 6.7% in the first quarter. Gruss & Co. Inc. now owns 16,000 shares of the Internet radio service’s stock valued at $189,000 after buying an additional 1,000 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Pandora Media by 9.8% in the fourth quarter. Franklin Resources Inc. now owns 13,315 shares of the Internet radio service’s stock valued at $174,000 after buying an additional 1,190 shares during the last quarter.

Pandora Media Company Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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