$196.51 Million in Sales Expected for TiVo Corporation (TIVO) This Quarter
Wall Street analysts expect that TiVo Corporation (NASDAQ:TIVO) will announce $196.51 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for TiVo Corporation’s earnings, with estimates ranging from $196.01 million to $197.02 million. TiVo Corporation reported sales of $153.12 million during the same quarter last year, which would suggest a positive year over year growth rate of 28.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that TiVo Corporation will report full year sales of $196.51 million for the current financial year, with estimates ranging from $820.00 million to $825.38 million. For the next year, analysts anticipate that the company will report sales of $903.03 million per share, with estimates ranging from $871.38 million to $934.68 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow TiVo Corporation.
TiVo Corporation (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.20. The company had revenue of $208.60 million for the quarter, compared to analyst estimates of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The business’s revenue for the quarter was up 66.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share.
Several brokerages recently commented on TIVO. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 target price on shares of TiVo Corporation in a report on Thursday, September 21st. Cowen and Company reiterated an “outperform” rating and set a $30.00 target price on shares of TiVo Corporation in a report on Wednesday, June 28th. ValuEngine upgraded TiVo Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, B. Riley set a $31.00 target price on TiVo Corporation and gave the company a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $27.60.
In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $62,940.00. Following the completion of the transaction, the executive vice president now owns 89,976 shares in the company, valued at approximately $1,799,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Finer sold 11,881 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $237,620.00. Following the transaction, the insider now owns 41,524 shares of the company’s stock, valued at approximately $830,480. The disclosure for this sale can be found here. Insiders have sold a total of 17,397 shares of company stock valued at $343,557 in the last 90 days. Insiders own 3.57% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Atria Investments LLC boosted its position in TiVo Corporation by 0.4% during the 2nd quarter. Atria Investments LLC now owns 10,973 shares of the technology company’s stock worth $205,000 after acquiring an additional 49 shares during the period. Amalgamated Bank boosted its position in TiVo Corporation by 0.5% during the 2nd quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock worth $296,000 after acquiring an additional 85 shares during the period. Cipher Capital LP boosted its position in TiVo Corporation by 0.3% during the 2nd quarter. Cipher Capital LP now owns 26,769 shares of the technology company’s stock worth $499,000 after acquiring an additional 89 shares during the period. Bbva Compass Bancshares Inc. boosted its position in TiVo Corporation by 1.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock worth $198,000 after acquiring an additional 120 shares during the period. Finally, Arizona State Retirement System boosted its position in TiVo Corporation by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock worth $1,179,000 after acquiring an additional 200 shares during the period. Institutional investors own 89.02% of the company’s stock.
Shares of TiVo Corporation (NASDAQ:TIVO) traded up 0.80% during trading on Thursday, hitting $18.80. The stock had a trading volume of 455,953 shares. The company has a market cap of $2.26 billion, a P/E ratio of 103.87 and a beta of 0.18. The stock’s 50-day moving average price is $18.91 and its 200-day moving average price is $18.52. TiVo Corporation has a one year low of $15.15 and a one year high of $22.05.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were given a $0.18 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.72 annualized dividend and a dividend yield of 3.83%. TiVo Corporation’s payout ratio is 240.00%.
TiVo Corporation Company Profile
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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