TiVo Corporation (TIVO) Announces Earnings Results
TiVo Corporation (NASDAQ:TIVO) issued its earnings results on Thursday. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07), Briefing.com reports. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $190.83 million. During the same quarter last year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.97%. TiVo Corporation’s dividend payout ratio (DPR) is presently 240.00%.
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In other news, EVP Pamela A. Sergeeff sold 3,147 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the completion of the transaction, the executive vice president now owns 89,976 shares in the company, valued at approximately $1,799,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dustin Finer sold 2,369 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $18.15, for a total value of $42,997.35. Following the completion of the transaction, the insider now owns 53,405 shares of the company’s stock, valued at approximately $969,300.75. The disclosure for this sale can be found here. Insiders sold a total of 17,397 shares of company stock valued at $343,557 in the last 90 days. 3.57% of the stock is owned by corporate insiders.
TIVO has been the topic of a number of recent research reports. B. Riley restated a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a research note on Sunday, August 6th. Cowen and Company restated a “buy” rating and issued a $30.00 target price on shares of TiVo Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $18.00 target price on shares of TiVo Corporation in a research note on Friday, July 7th. Finally, ValuEngine upgraded TiVo Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.60.
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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