Q1 2018 EPS Estimates for TiVo Corp (TIVO) Lowered by Analyst
TiVo Corp (NASDAQ:TIVO) – Equities research analysts at B. Riley reduced their Q1 2018 earnings per share estimates for TiVo in a report issued on Monday. B. Riley analyst E. Wold now forecasts that the technology company will earn $0.33 per share for the quarter, down from their prior estimate of $0.44. B. Riley has a “Buy” rating and a $24.00 price target on the stock. B. Riley also issued estimates for TiVo’s Q2 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.27 EPS and FY2019 earnings at $1.24 EPS.
Several other equities research analysts have also recently weighed in on TIVO. ValuEngine cut shares of TiVo from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group reiterated a “buy” rating and issued a $18.00 price objective on shares of TiVo in a research note on Thursday, September 21st. Cowen reiterated a “buy” rating and issued a $30.00 price objective on shares of TiVo in a research note on Friday, September 8th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $25.00 price target on shares of TiVo in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.25.
TiVo (NASDAQ:TIVO) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $197.90 million during the quarter, compared to the consensus estimate of $190.83 million. TiVo had a positive return on equity of 4.72% and a negative net margin of 5.39%. The business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share.
Hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC grew its position in shares of TiVo by 3.6% during the first quarter. Teachers Advisors LLC now owns 206,123 shares of the technology company’s stock worth $3,865,000 after buying an additional 7,091 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of TiVo by 23.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,351 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,946 shares in the last quarter. Bank of Montreal Can grew its holdings in TiVo by 90.4% during the second quarter. Bank of Montreal Can now owns 12,010 shares of the technology company’s stock worth $224,000 after acquiring an additional 5,703 shares during the period. Creative Planning increased its stake in TiVo by 83.8% in the 2nd quarter. Creative Planning now owns 7,137 shares of the technology company’s stock worth $133,000 after purchasing an additional 3,253 shares in the last quarter. Finally, Aperio Group LLC increased its stake in TiVo by 2.1% in the 2nd quarter. Aperio Group LLC now owns 25,054 shares of the technology company’s stock worth $467,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.
In other news, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $62,940.00. Following the transaction, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dustin Finer sold 11,881 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $237,620.00. Following the completion of the sale, the insider now directly owns 41,524 shares in the company, valued at $830,480. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 4.49%. TiVo’s dividend payout ratio is presently -184.62%.
TiVo 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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