Pandora Media Inc (P) Expected to Announce Earnings of -$0.05 Per Share

Equities analysts expect Pandora Media Inc (NYSE:P) to announce ($0.05) earnings per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Pandora Media’s earnings. The highest EPS estimate is $0.08 and the lowest is ($0.15). Pandora Media reported earnings per share of ($0.13) in the same quarter last year, which would indicate a positive year-over-year growth rate of 61.5%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Pandora Media will report full-year earnings of ($0.64) per share for the current fiscal year, with EPS estimates ranging from ($1.64) to ($0.45). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.52) to $0.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Pandora Media.

Pandora Media (NYSE:P) last posted its earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company 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%. Pandora Media’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS.

A number of equities analysts recently commented on P shares. Piper Jaffray Companies set a $13.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research report on Friday, October 6th. FBR & Co reaffirmed a “buy” rating and set a $11.00 price target on shares of Pandora Media in a research report on Monday, September 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Pandora Media in a research report on Thursday, September 14th. Stifel Nicolaus set a $12.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $14.00 price target on shares of Pandora Media in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.83.

Shares of Pandora Media (NYSE P) opened at $4.96 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18. The stock has a market cap of $1,230.00, a PE ratio of -1.99 and a beta of -0.25. Pandora Media has a 12 month low of $4.44 and a 12 month high of $13.72.

In related news, General Counsel Stephen G. Bene sold 7,967 shares of Pandora Media 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 $40,711.37. Following the sale, the general counsel now directly owns 330,865 shares in the company, valued at approximately $1,690,720.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total transaction of $375,432.39. Following the sale, the chief executive officer now owns 701,607 shares in the company, valued at $3,346,665.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,389 shares of company stock worth $567,987. 2.59% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. acquired a new position in shares of Pandora Media in the 2nd quarter worth approximately $109,000. Fox Run Management L.L.C. acquired a new position in shares of Pandora Media in the 3rd quarter worth approximately $111,000. Symmetry Peak Management LLC acquired a new position in shares of Pandora Media in the 2nd quarter worth approximately $112,000. Aperio Group LLC acquired a new position in shares of Pandora Media in the 2nd quarter worth approximately $115,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Pandora Media in the 3rd quarter worth approximately $115,000.

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Pandora Media Company Profile

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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