$0.39 Earnings Per Share Expected for TiVo Corp (TIVO) This Quarter

Wall Street brokerages forecast that TiVo Corp (NASDAQ:TIVO) will announce $0.39 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for TiVo’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.35. TiVo posted earnings per share of $0.45 during the same quarter last year, which suggests a negative year over year growth rate of 13.3%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that TiVo will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.75. For the next year, analysts anticipate that the business will post earnings of $1.95 per share, with EPS estimates ranging from $1.71 to $2.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow TiVo.

A number of research analysts have recently weighed in on TIVO shares. B. Riley cut their price objective on TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 4th. Piper Jaffray Companies restated a “buy” rating and set a $25.00 price objective on shares of TiVo in a research report on Friday, November 3rd. BWS Financial started coverage on TiVo in a research report on Monday, January 22nd. They set a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research upgraded TiVo from a “strong sell” rating to a “hold” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.20.

TiVo (NASDAQ TIVO) opened at $13.35 on Tuesday. The firm has a market capitalization of $1,605.01, a PE ratio of -34.23, a PEG ratio of 1.04 and a beta of -0.10. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. TiVo has a 12-month low of $12.75 and a 12-month high of $21.75.

In related news, CEO Enrique Rodriguez purchased 55,974 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $17.86 per share, for a total transaction of $999,695.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.57% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TIVO. PNC Financial Services Group Inc. grew its position in TiVo by 17.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock worth $155,000 after acquiring an additional 1,239 shares in the last quarter. New York State Common Retirement Fund grew its position in TiVo by 6.4% in the second quarter. New York State Common Retirement Fund now owns 131,037 shares of the technology company’s stock worth $2,444,000 after acquiring an additional 7,899 shares in the last quarter. Vanguard Group Inc. grew its position in TiVo by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock worth $207,547,000 after acquiring an additional 182,567 shares in the last quarter. California Public Employees Retirement System grew its position in TiVo by 2.2% in the second quarter. California Public Employees Retirement System now owns 289,284 shares of the technology company’s stock worth $5,395,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in TiVo by 17.1% in the second quarter. Parametric Portfolio Associates LLC now owns 347,425 shares of the technology company’s stock worth $6,479,000 after acquiring an additional 50,818 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

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About TiVo

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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Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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