Wall Street analysts forecast that TiVo Corporation (NASDAQ:TIVO) will post earnings per share of ($0.07) for the current quarter, Zacks reports. Two analysts have made estimates for TiVo Corporation’s earnings. TiVo Corporation posted earnings of $1.03 per share during the same quarter last year, which suggests a negative year over year growth rate of 106.8%. The firm is scheduled to report its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that TiVo Corporation will report full year earnings of ($0.33) per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.10 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TiVo Corporation.

TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The company had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. During the same period last year, the firm posted $0.45 EPS. TiVo Corporation’s revenue for the quarter was up 66.6% compared to the same quarter last year.

Several equities research analysts have recently weighed in on TIVO shares. B. Riley reissued a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a report on Monday, April 17th. ValuEngine downgraded TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price objective on shares of TiVo Corporation in a report on Tuesday, May 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a report on Friday, July 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.17.

In related news, insider Dustin Finer sold 2,369 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total transaction of $42,997.35. Following the completion of the sale, the insider now directly owns 53,405 shares of the company’s stock, valued at $969,300.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.57% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of TiVo Corporation by 62,480.7% in the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock valued at $280,814,000 after buying an additional 14,952,875 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of TiVo Corporation by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock valued at $207,547,000 after buying an additional 182,567 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TiVo Corporation by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock valued at $166,918,000 after buying an additional 590,818 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TiVo Corporation by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,569,853 shares of the technology company’s stock valued at $141,935,000 after buying an additional 384,440 shares in the last quarter. Finally, FMR LLC increased its stake in shares of TiVo Corporation by 4.3% in the first quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock valued at $105,453,000 after buying an additional 233,670 shares in the last quarter. 88.56% of the stock is owned by hedge funds and other institutional investors.

TiVo Corporation (TIVO) traded down 1.08% during trading on Tuesday, reaching $18.30. 461,069 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $18.76 and a 200-day moving average of $18.51. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $23.40. The stock has a market capitalization of $2.20 billion, a PE ratio of 101.10 and a beta of 0.16.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is presently 240.00%.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate TiVo Corporation (TIVO) Will Announce Earnings of -$0.07 Per Share” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/15/zacks-brokerages-anticipate-tivo-corporation-tivo-will-announce-earnings-of-0-07-per-share.html.

About TiVo Corporation

TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.

Get a free copy of the Zacks research report on TiVo Corporation (TIVO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TiVo Corporation (NASDAQ:TIVO)

Receive News & Ratings for TiVo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.