Zacks: Brokerages Anticipate TiVo Corporation (TIVO) Will Announce Earnings of -$0.07 Per Share
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%.
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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.
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