Equities analysts expect Pandora Media Inc (NYSE:P) to announce sales of $374.93 million for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Pandora Media’s earnings. The highest sales estimate is $380.00 million and the lowest is $371.36 million. Pandora Media posted sales of $392.60 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Pandora Media will report full-year sales of $374.93 million for the current financial year, with estimates ranging from $1.37 billion to $1.49 billion. For the next fiscal year, analysts expect that the business will post sales of $1.56 billion per share, with estimates ranging from $1.47 billion to $1.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Pandora Media.

Pandora Media (NYSE:P) last released its earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS.

P has been the subject of several research analyst reports. FBR & Co reiterated a “buy” rating and set a $11.00 target price on shares of Pandora Media in a research note on Monday, September 25th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Pandora Media in a report on Thursday, September 14th. Stifel Nicolaus set a $12.00 price target on shares of Pandora Media and gave the company a “buy” rating in a report on Tuesday, August 15th. Piper Jaffray Companies set a $13.00 price target on shares of Pandora Media and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Wedbush set a $15.00 price target on shares of Pandora Media and gave the company a “buy” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.11.

In other news, insider Christopher W. Phillips sold 9,988 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $51,038.68. Following the completion of the transaction, the insider now directly owns 413,884 shares of the company’s stock, valued at approximately $2,114,947.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO John Trimble sold 10,204 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $52,142.44. Following the transaction, the executive now directly owns 454,645 shares of the company’s stock, valued at $2,323,235.95. The disclosure for this sale can be found here. Insiders sold a total of 37,682 shares of company stock worth $192,555 over the last quarter. 2.59% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Falcon Point Capital LLC acquired a new stake in Pandora Media during the 2nd quarter valued at $102,000. Prudential Financial Inc. acquired a new stake in Pandora Media during the 2nd quarter valued at $109,000. Fox Run Management L.L.C. acquired a new stake in Pandora Media during the 3rd quarter valued at $111,000. Symmetry Peak Management LLC acquired a new stake in Pandora Media during the 2nd quarter valued at $112,000. Finally, Aperio Group LLC acquired a new stake in Pandora Media during the 2nd quarter valued at $115,000.

Pandora Media (P) opened at $4.77 on Friday. Pandora Media has a one year low of $4.44 and a one year high of $14.10. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58.

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About Pandora Media

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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