Brokerages Expect TiVo Corp (TIVO) Will Announce Quarterly Sales of $212.11 Million

Wall Street analysts expect TiVo Corp (NASDAQ:TIVO) to post sales of $212.11 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TiVo’s earnings, with estimates ranging from $210.18 million to $214.04 million. TiVo posted sales of $252.34 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.9%. The business is expected to report its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that TiVo will report full year sales of $212.11 million for the current financial year, with estimates ranging from $820.00 million to $826.26 million. For the next year, analysts expect that the firm will report sales of $929.35 million per share, with estimates ranging from $816.75 million to $1.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TiVo.

TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The business had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $190.83 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year.

Several analysts recently commented on the stock. B. Riley reduced their price target on shares of TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 price target on shares of TiVo in a research report on Friday, November 3rd. ValuEngine upgraded shares of TiVo from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and issued a $18.00 price target on shares of TiVo in a research report on Thursday, September 21st. Finally, Cowen reiterated a “buy” rating and issued a $30.00 price target on shares of TiVo in a research report on Friday, September 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.25.

In other TiVo news, EVP Pamela A. Sergeeff sold 3,147 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $62,940.00. Following the transaction, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Enrique Rodriguez acquired 55,974 shares of the company’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $17.86 per share, for a total transaction of $999,695.64. The disclosure for this purchase can be found here. Insiders own 3.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning increased its stake in TiVo by 83.8% in the 2nd quarter. Creative Planning now owns 7,137 shares of the technology company’s stock valued at $133,000 after buying an additional 3,253 shares during the period. PNC Financial Services Group Inc. increased its stake in TiVo by 17.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock valued at $155,000 after buying an additional 1,239 shares during the period. Bbva Compass Bancshares Inc. increased its stake in TiVo by 1.1% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock valued at $198,000 after buying an additional 120 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of TiVo by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock worth $209,000 after purchasing an additional 856 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in shares of TiVo by 73.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,287 shares of the technology company’s stock worth $211,000 after purchasing an additional 4,787 shares during the period. 90.30% of the stock is currently owned by institutional investors.

TiVo (TIVO) traded up $0.05 during mid-day trading on Friday, reaching $16.00. 565,094 shares of the company traded hands, compared to its average volume of 1,047,829. TiVo has a 1 year low of $15.15 and a 1 year high of $21.75. The stock has a market cap of $1,946.76, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 1.28 and a beta of 0.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 4.50%. TiVo’s dividend payout ratio is currently -184.62%.

WARNING: This piece was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/12/09/brokerages-expect-tivo-corp-tivo-will-announce-quarterly-sales-of-212-11-million.html.

About TiVo

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.

Get a free copy of the Zacks research report on TiVo (TIVO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TiVo (NASDAQ:TIVO)

Receive News & Ratings for TiVo Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply