Zacks: Analysts Anticipate TiVo Corp (TIVO) to Post $0.19 Earnings Per Share

Equities analysts predict that TiVo Corp (NASDAQ:TIVO) will post earnings of $0.19 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TiVo’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. TiVo posted earnings per share of $0.30 in the same quarter last year, which would suggest a negative year-over-year growth rate of 36.7%. The company is expected to report its next quarterly earnings report on Thursday, May 9th.

On average, analysts expect that TiVo will report full-year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.79 to $0.87. For the next year, analysts anticipate that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.87 to $0.91. Zacks’ EPS calculations are an average based on a survey of research firms that follow TiVo.

TiVo (NASDAQ:TIVO) last issued its earnings results on Tuesday, February 26th. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). TiVo had a positive return on equity of 3.73% and a negative net margin of 50.20%. The business had revenue of $168.46 million during the quarter, compared to analysts’ expectations of $173.68 million. During the same period last year, the firm posted $0.47 EPS. TiVo’s quarterly revenue was down 21.4% compared to the same quarter last year.

A number of equities analysts have weighed in on TIVO shares. ValuEngine lowered TiVo from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Zacks Investment Research downgraded TiVo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, BidaskClub downgraded TiVo from a “hold” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.67.

Several institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its holdings in shares of TiVo by 66.7% during the 1st quarter. Hollencrest Capital Management now owns 25,000 shares of the technology company’s stock worth $233,000 after acquiring an additional 10,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in TiVo by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 1,453,661 shares of the technology company’s stock valued at $13,678,000 after buying an additional 130,648 shares during the period. Norges Bank purchased a new stake in TiVo during the 4th quarter valued at $14,794,000. Advisory Services Network LLC raised its holdings in TiVo by 32.5% during the 4th quarter. Advisory Services Network LLC now owns 22,289 shares of the technology company’s stock valued at $210,000 after buying an additional 5,464 shares during the period. Finally, Legal & General Group Plc raised its holdings in TiVo by 3.9% during the 4th quarter. Legal & General Group Plc now owns 322,772 shares of the technology company’s stock valued at $3,037,000 after buying an additional 12,079 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

NASDAQ:TIVO traded down $0.13 during mid-day trading on Monday, reaching $9.05. The company’s stock had a trading volume of 808,823 shares, compared to its average volume of 755,571. TiVo has a 12-month low of $8.73 and a 12-month high of $15.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.98. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.10 and a beta of -0.06.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, March 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.96%. TiVo’s dividend payout ratio is currently 144.00%.

About TiVo

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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