TiVo Corporation (TIVO) Plans Quarterly Dividend of $0.18
TiVo Corporation (NASDAQ:TIVO) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Wednesday, December 6th will be paid a dividend of 0.18 per share by the technology company on Wednesday, December 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.97%.
TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $192.72 million. During the same period in the previous year, the business earned $0.45 EPS. TiVo Corporation’s revenue for the quarter was up 66.6% compared to the same quarter last year.
In other news, EVP Pamela A. Sergeeff sold 3,147 shares of TiVo Corporation stock in a transaction that occurred on 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Dustin Finer sold 2,369 shares of TiVo Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was 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. In the last quarter, insiders sold 17,397 shares of company stock valued at $343,557. Insiders own 3.57% of the company’s stock.
Several equities research analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $31.00 price objective on shares of TiVo Corporation in a report on Monday. ValuEngine upgraded TiVo Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC restated a “buy” rating and set a $18.00 price objective on shares of TiVo Corporation in a report on Thursday, September 21st. Finally, Cowen and Company restated a “buy” rating and set a $30.00 price objective on shares of TiVo Corporation in a report on Friday, September 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $27.60.
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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