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.
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%.
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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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