Equities analysts expect Pandora Media Inc (NYSE:P) to post sales of $400.76 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Pandora Media’s earnings, with the lowest sales estimate coming in at $393.90 million and the highest estimate coming in at $408.00 million. Pandora Media reported sales of $378.64 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Pandora Media will report full year sales of $1.54 billion for the current year, with estimates ranging from $1.51 billion to $1.56 billion. For the next year, analysts expect that the company will post sales of $1.74 billion per share, with estimates ranging from $1.64 billion to $1.82 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Pandora Media.

Pandora Media (NYSE:P) last announced its earnings results on Tuesday, July 31st. The Internet radio service reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.12. Pandora Media had a negative return on equity of 243.61% and a negative net margin of 24.14%. The firm had revenue of $384.79 million for the quarter, compared to analysts’ expectations of $373.61 million.

P has been the topic of several recent analyst reports. Canaccord Genuity set a $10.00 target price on Pandora Media and gave the stock a “buy” rating in a report on Wednesday, August 1st. B. Riley boosted their target price on Pandora Media from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Wedbush set a $10.00 price target on Pandora Media and gave the company a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research raised Pandora Media from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Saturday, August 4th. Finally, ValuEngine raised Pandora Media from a “hold” rating to a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Pandora Media has a consensus rating of “Buy” and an average price target of $7.85.

NYSE:P traded up $0.25 during midday trading on Tuesday, hitting $8.87. 384,231 shares of the stock were exchanged, compared to its average volume of 7,155,648. Pandora Media has a one year low of $4.09 and a one year high of $9.37. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -6.98 and a beta of -0.47. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.73 and a quick ratio of 2.73.

In other news, CRO John Trimble sold 100,577 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $8.02, for a total transaction of $806,627.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stephen G. Bene sold 27,208 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $8.16, for a total transaction of $222,017.28. Following the transaction, the general counsel now owns 577,033 shares in the company, valued at $4,708,589.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,890 shares of company stock worth $1,461,155. Company insiders own 2.59% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. DSAM Partners London Ltd bought a new stake in Pandora Media in the second quarter worth $3,112,000. Eidelman Virant Capital boosted its holdings in Pandora Media by 6.4% in the second quarter. Eidelman Virant Capital now owns 656,200 shares of the Internet radio service’s stock worth $5,170,000 after purchasing an additional 39,400 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Pandora Media in the second quarter worth $2,452,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Pandora Media by 195.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 98,757 shares of the Internet radio service’s stock worth $778,000 after purchasing an additional 65,347 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Pandora Media in the second quarter worth $1,261,000.

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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