Brokerages predict that Pandora Media Inc. (NYSE:P) will post earnings per share (EPS) of ($0.36) for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Pandora Media’s earnings. The lowest EPS estimate is ($0.46) and the highest is ($0.28). Pandora Media reported earnings per share of ($0.24) during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Pandora Media will report full-year earnings of ($0.53) per share for the current financial year, with EPS estimates ranging from ($0.89) to ($0.26). For the next year, analysts anticipate that the firm will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.57) to $0.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Pandora Media.

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Pandora Media (NYSE:P) last released its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14). The business had revenue of $395.00 million during the quarter, compared to the consensus estimate of $376.79 million. Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS.

A number of equities analysts recently commented on P shares. Morgan Stanley lowered Pandora Media from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $12.00 to $6.00 in a research note on Monday, January 8th. SunTrust Banks set a $7.00 price target on Pandora Media and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Raymond James Financial raised Pandora Media from a “market perform” rating to a “strong-buy” rating and set a $8.00 price target for the company in a research note on Thursday, March 22nd. Wedbush set a $12.00 price target on Pandora Media and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, B. Riley reissued a “hold” rating and set a $8.00 price target on shares of Pandora Media in a research note on Thursday, February 1st. Three analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.04.

Shares of NYSE P traded up $0.03 during mid-day trading on Monday, reaching $5.13. The company’s stock had a trading volume of 4,249,631 shares, compared to its average volume of 10,316,581. The firm has a market cap of $1,299.91, a price-to-earnings ratio of -4.14 and a beta of -0.58. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.79. Pandora Media has a 52 week low of $4.09 and a 52 week high of $11.17.

In other news, COO David Gerbitz sold 10,135 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $51,384.45. Following the sale, the chief operating officer now directly owns 510,276 shares in the company, valued at $2,587,099.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Stephen G. Bene sold 11,260 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,088.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,497 shares of company stock worth $230,670. Company insiders own 2.59% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. grew its stake in Pandora Media by 5.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 212,083 shares of the Internet radio service’s stock worth $1,022,000 after purchasing an additional 11,497 shares in the last quarter. Two Sigma Securities LLC grew its stake in Pandora Media by 106.7% in the fourth quarter. Two Sigma Securities LLC now owns 23,323 shares of the Internet radio service’s stock worth $112,000 after purchasing an additional 12,040 shares in the last quarter. Alliancebernstein L.P. boosted its position in Pandora Media by 3.7% during the 4th quarter. Alliancebernstein L.P. now owns 376,008 shares of the Internet radio service’s stock valued at $1,812,000 after acquiring an additional 13,261 shares in the last quarter. California Public Employees Retirement System boosted its position in Pandora Media by 2.9% during the 4th quarter. California Public Employees Retirement System now owns 489,100 shares of the Internet radio service’s stock valued at $2,357,000 after acquiring an additional 13,900 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Pandora Media by 5.3% during the 4th quarter. California State Teachers Retirement System now owns 383,063 shares of the Internet radio service’s stock valued at $1,846,000 after acquiring an additional 19,270 shares in the last quarter.

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About Pandora Media

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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