-$0.05 Earnings Per Share Expected for Pandora Media Inc (P) This Quarter

Equities analysts predict that Pandora Media Inc (NYSE:P) will post earnings per share of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Pandora Media’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at $0.08. Pandora Media reported earnings per share of ($0.13) in the same quarter last year, which indicates a positive year-over-year growth rate of 61.5%. The firm 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 financial year, with EPS estimates ranging from ($1.64) to ($0.45). For the next fiscal year, analysts forecast that the business will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.58) to $0.13. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Pandora Media.

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

A number of research analysts have recently issued reports on P shares. Morgan Stanley cut shares of Pandora Media from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $12.00 to $6.00 in a research note on Monday, January 8th. Zacks Investment Research cut shares of Pandora Media from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. SunTrust Banks set a $7.00 target price on shares of Pandora Media and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial reiterated a “hold” rating on shares of Pandora Media in a research note on Thursday, December 14th. Finally, Piper Jaffray Companies set a $9.00 target price on shares of Pandora Media and gave the company a “buy” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, twenty-five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Pandora Media currently has an average rating of “Hold” and a consensus target price of $10.45.

Pandora Media (NYSE P) opened at $4.37 on Monday. The company has a market cap of $1,090.00, a PE ratio of -1.76 and a beta of -0.25. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18. Pandora Media has a one year low of $4.33 and a one year high of $13.72.

In other Pandora Media news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total transaction of $375,432.39. Following the completion of the sale, the chief executive officer now owns 701,607 shares of the company’s stock, valued at approximately $3,346,665.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher W. Phillips sold 9,988 shares of Pandora Media stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $51,038.68. Following the sale, the insider now directly owns 413,884 shares of the company’s stock, valued at approximately $2,114,947.24. The disclosure for this sale can be found here. Insiders sold a total of 116,389 shares of company stock valued at $567,987 in the last 90 days. 2.59% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in P. SG Americas Securities LLC grew its holdings in shares of Pandora Media by 1,179.5% in the 3rd quarter. SG Americas Securities LLC now owns 4,505,951 shares of the Internet radio service’s stock valued at $34,696,000 after buying an additional 4,153,778 shares during the period. Nordea Investment Management AB bought a new stake in Pandora Media in the 2nd quarter valued at $14,821,000. Alyeska Investment Group L.P. lifted its position in Pandora Media by 21.3% in the 3rd quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock valued at $39,773,000 after acquiring an additional 906,180 shares in the last quarter. Vanguard Group Inc. lifted its position in Pandora Media by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock valued at $161,092,000 after acquiring an additional 829,682 shares in the last quarter. Finally, AidennLair Capital Management LP bought a new stake in Pandora Media in the 2nd quarter valued at $3,415,000.

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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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