Equities analysts expect TiVo Corp (NASDAQ:TIVO) to announce $173.69 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for TiVo’s earnings, with the lowest sales estimate coming in at $169.52 million and the highest estimate coming in at $176.25 million. TiVo posted sales of $214.24 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.9%. The business is expected to issue its next earnings report on Tuesday, February 26th.
On average, analysts expect that TiVo will report full year sales of $701.09 million for the current financial year, with estimates ranging from $696.93 million to $703.66 million. For the next fiscal year, analysts forecast that the company will post sales of $703.59 million, with estimates ranging from $698.46 million to $708.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for TiVo.
TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.44). TiVo had a positive return on equity of 4.65% and a negative net margin of 5.76%. The company had revenue of $164.70 million for the quarter, compared to analyst estimates of $166.85 million. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis.
Several research firms recently weighed in on TIVO. BidaskClub downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 13th. B. Riley upped their price target on shares of TiVo from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. ValuEngine upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. JPMorgan Chase & Co. reduced their price target on shares of TiVo from $30.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, November 16th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. TiVo currently has an average rating of “Hold” and a consensus price target of $19.50.
TIVO opened at $10.03 on Friday. TiVo has a twelve month low of $9.56 and a twelve month high of $18.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.55 and a quick ratio of 3.49. The stock has a market cap of $1.22 billion, a P/E ratio of 10.23 and a beta of -0.19.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 7.18%. TiVo’s dividend payout ratio (DPR) is presently 73.47%.
A number of hedge funds have recently added to or reduced their stakes in TIVO. Bank of Montreal Can acquired a new stake in TiVo in the 2nd quarter valued at about $143,000. Stone Ridge Asset Management LLC acquired a new stake in TiVo in the 3rd quarter valued at about $162,000. Bbva Compass Bancshares Inc. acquired a new stake in TiVo in the 2nd quarter valued at about $168,000. Stevens Capital Management LP acquired a new stake in TiVo in the 3rd quarter valued at about $172,000. Finally, Verition Fund Management LLC acquired a new stake in TiVo in the 3rd quarter valued at about $181,000. Institutional investors own 91.04% of the company’s stock.
TiVo Company Profile
TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.
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