TiVo Corporation (TIVO) Expected to Post Quarterly Sales of $196.51 Million
Equities research analysts expect TiVo Corporation (NASDAQ:TIVO) to post sales of $196.51 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for TiVo Corporation’s earnings, with the lowest sales estimate coming in at $196.01 million and the highest estimate coming in at $197.02 million. TiVo Corporation posted sales of $153.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.3%. The business is expected to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that TiVo Corporation will report full year sales of $196.51 million for the current year, with estimates ranging from $820.00 million to $825.38 million. For the next fiscal year, analysts expect that the company will report sales of $903.03 million per share, with estimates ranging from $871.38 million to $934.68 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a return on equity of 10.59% and a net margin of 2.47%. The business had revenue of $208.60 million during the quarter, compared to the consensus estimate of $192.72 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 66.6% compared to the same quarter last year.
TIVO has been the subject of a number of recent analyst reports. Zacks Investment Research cut TiVo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Cowen and Company restated a “buy” rating and issued a $30.00 price objective on shares of TiVo Corporation in a research report on Friday, September 8th. B. Riley restated a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a research report on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of TiVo Corporation in a research report on Friday, July 7th. Finally, ValuEngine cut TiVo Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.60.
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In other TiVo Corporation news, EVP Pamela A. Sergeeff sold 3,147 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $62,940.00. Following the transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at $1,799,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dustin Finer sold 11,881 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $237,620.00. Following the transaction, the insider now directly owns 41,524 shares in the company, valued at approximately $830,480. The disclosure for this sale can be found here. Insiders have sold 17,397 shares of company stock valued at $343,557 over the last quarter. 3.57% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in TiVo Corporation by 62,480.7% during the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after buying an additional 14,952,875 shares during the last quarter. Vanguard Group Inc. boosted its stake in TiVo Corporation by 1.7% during the second quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock worth $207,547,000 after buying an additional 182,567 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in TiVo Corporation by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock worth $166,918,000 after buying an additional 590,818 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TiVo Corporation by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,569,853 shares of the technology company’s stock worth $141,935,000 after buying an additional 384,440 shares during the last quarter. Finally, FMR LLC boosted its stake in TiVo Corporation by 4.3% during the first quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock worth $105,453,000 after buying an additional 233,670 shares during the last quarter. 89.00% of the stock is currently owned by institutional investors.
TiVo Corporation (NASDAQ:TIVO) opened at 19.20 on Thursday. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $22.05. The stock’s 50 day moving average price is $18.86 and its 200-day moving average price is $18.52. The company has a market capitalization of $2.31 billion, a P/E ratio of 106.08 and a beta of 0.18.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Wednesday, September 6th. TiVo Corporation’s payout ratio is 240.00%.
TiVo Corporation Company Profile
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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