$212.11 Million in Sales Expected for TiVo Corporation (TIVO) This Quarter
Equities research analysts expect TiVo Corporation (NASDAQ:TIVO) to report $212.11 million in sales 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 $210.18 million and the highest estimate coming in at $214.04 million. TiVo Corporation posted sales of $252.34 million during the same quarter last year, which suggests a negative year over year growth rate of 15.9%. The business is expected to report its next earnings report on Wednesday, February 21st.
On average, analysts expect that TiVo Corporation will report full-year sales of $212.11 million for the current fiscal year, with estimates ranging from $820.00 million to $826.26 million. For the next year, analysts forecast that the firm will report sales of $949.35 million per share, with estimates ranging from $876.75 million to $1.03 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover TiVo Corporation.
TiVo Corporation (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). TiVo Corporation had a positive return on equity of 4.72% and a negative net margin of 5.39%. The business had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue was up 29.3% on a year-over-year basis.
Shares of TiVo Corporation (TIVO) traded up $0.08 during trading on Tuesday, reaching $17.50. The company’s stock had a trading volume of 698,400 shares, compared to its average volume of 689,929. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $22.00. The firm has a market cap of $2,130.00, a P/E ratio of 23.55, a P/E/G ratio of 1.39 and a beta of 0.10.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 4.11%. TiVo Corporation’s payout ratio is -184.62%.
In related news, insider Dustin Finer sold 11,881 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $237,620.00. Following the transaction, the insider now owns 41,524 shares of the company’s stock, valued at approximately $830,480. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $62,940.00. Following the completion of the transaction, the executive vice president now directly owns 89,976 shares in the company, valued at approximately $1,799,520. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in shares of TiVo Corporation by 33.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 40,308 shares of the technology company’s stock worth $752,000 after buying an additional 10,105 shares in the last quarter. Legal & General Group Plc lifted its position in shares of TiVo Corporation by 8.7% during the 2nd quarter. Legal & General Group Plc now owns 232,100 shares of the technology company’s stock worth $4,325,000 after buying an additional 18,589 shares in the last quarter. TSP Capital Management Group LLC lifted its position in shares of TiVo Corporation by 3.6% during the 2nd quarter. TSP Capital Management Group LLC now owns 145,800 shares of the technology company’s stock worth $2,719,000 after buying an additional 5,000 shares in the last quarter. State Street Corp lifted its position in shares of TiVo Corporation by 5.1% during the 2nd quarter. State Street Corp now owns 3,138,996 shares of the technology company’s stock worth $58,540,000 after buying an additional 151,139 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of TiVo Corporation by 13.8% during the 2nd quarter. Nomura Holdings Inc. now owns 436,186 shares of the technology company’s stock worth $8,139,000 after buying an additional 52,776 shares in the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.
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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