Pandora Media, Inc. (NYSE:P) Set to Announce Quarterly Earnings on Wednesday
Pandora Media, Inc. (NYSE:P) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect Pandora Media to post earnings of ($0.24) per share for the quarter.
Pandora Media (NYSE:P) last announced its earnings results on Monday, May 8th. The Internet radio service reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.13. The firm had revenue of $316 million for the quarter, compared to the consensus estimate of $318.15 million. Pandora Media had a negative return on equity of 45.15% and a negative net margin of 25.66%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) EPS. On average, analysts expect Pandora Media to post $-0.50 EPS for the current fiscal year and $-0.19 EPS for the next fiscal year.
Pandora Media, Inc. (NYSE P) opened at 9.24 on Monday. The firm’s market capitalization is $2.22 billion. The firm’s 50-day moving average price is $8.63 and its 200 day moving average price is $11.31. Pandora Media, Inc. has a one year low of $6.76 and a one year high of $14.98.
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Several analysts have issued reports on the stock. Nomura cut their price target on shares of Pandora Media from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, May 9th. B. Riley restated a “buy” rating and set a $15.00 price target on shares of Pandora Media in a research report on Tuesday, May 9th. Piper Jaffray Companies set a $18.00 price target on shares of Pandora Media and gave the company a “buy” rating in a research report on Saturday, June 10th. Pacific Crest restated an “underweight” rating and set a $9.00 price target on shares of Pandora Media in a research report on Tuesday, May 9th. Finally, BidaskClub upgraded shares of Pandora Media from a “strong sell” rating to a “sell” rating in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Pandora Media currently has an average rating of “Hold” and a consensus price target of $13.03.
In other news, EVP David Gerbitz sold 8,103 shares of Pandora Media stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total transaction of $76,006.14. Following the transaction, the executive vice president now owns 255,943 shares in the company, valued at approximately $2,400,745.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Douglas Martin sold 3,000 shares of Pandora Media stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $9.18, for a total transaction of $27,540.00. Following the transaction, the insider now owns 257,921 shares in the company, valued at approximately $2,367,714.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,642 shares of company stock valued at $411,284. 2.59% of the stock is currently owned by insiders.
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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