Analysts Anticipate Pandora Media Inc. (P) Will Post Earnings of -$0.36 Per Share
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.
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.
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.
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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