TiVo Corporation (NASDAQ:TIVO) Plans $0.18 Quarterly Dividend

TiVo Corporation (NASDAQ:TIVO) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Wednesday, December 6th will be paid a dividend of 0.18 per share by the technology company on Wednesday, December 20th. This represents a $0.72 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, December 5th.

TiVo Corporation (TIVO) traded down $0.45 during midday trading on Friday, reaching $16.85. The company’s stock had a trading volume of 1,061,600 shares, compared to its average volume of 682,629. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2,111.53, a P/E ratio of 23.38, a PEG ratio of 1.38 and a beta of 0.10. TiVo Corporation has a 12-month low of $15.15 and a 12-month high of $22.00.

TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). The company had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. TiVo Corporation had a positive return on equity of 4.72% and a negative net margin of 5.39%. TiVo Corporation’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. research analysts forecast that TiVo Corporation will post 1.25 earnings per share for the current fiscal year.

TIVO has been the topic of a number of research reports. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a report on Sunday, August 6th. Cowen and Company reiterated a “buy” rating and issued a $30.00 target price on shares of TiVo Corporation in a report on Friday, September 8th. ValuEngine cut TiVo Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a research note on Friday, November 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $27.60.

In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the completion of the transaction, the executive vice president now directly owns 89,976 shares in the company, valued at $1,799,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dustin Finer sold 11,881 shares of the company’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 $237,620.00. Following the completion of the transaction, the insider now owns 41,524 shares of the company’s stock, valued at $830,480. The disclosure for this sale can be found here. 3.57% of the stock is owned by insiders.

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About TiVo Corporation

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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