Equities research analysts forecast that Pandora Media Inc (NYSE:P) will report earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Pandora Media’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at $0.08. Pandora Media reported earnings per share of ($0.13) during the same quarter last year, which would indicate a positive year-over-year growth rate of 61.5%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Pandora Media will report full year earnings of ($0.56) per share for the current financial year, with EPS estimates ranging from ($0.67) to ($0.45). For the next financial year, analysts forecast that the firm will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.50) to $0.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Pandora Media.
Pandora Media (NYSE:P) last posted its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $378.60 million for the quarter, compared to analyst estimates of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. Pandora Media’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share.
A number of research analysts have recently issued reports on P shares. Zacks Investment Research lowered shares of Pandora Media from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Stifel Nicolaus set a $12.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Canaccord Genuity reiterated a “buy” rating and set a $14.00 price target on shares of Pandora Media in a research note on Monday, October 30th. BMO Capital Markets upgraded shares of Pandora Media from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $11.00 to $7.00 in a research note on Thursday, November 16th. Finally, FBR & Co reiterated a “buy” rating and set a $11.00 price target on shares of Pandora Media in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.94.
Pandora Media (NYSE P) traded down $0.03 during midday trading on Tuesday, reaching $4.90. 5,386,342 shares of the company’s stock were exchanged, compared to its average volume of 9,934,468. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media has a one year low of $4.44 and a one year high of $13.72.
In other Pandora Media news, EVP David Gerbitz sold 9,523 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $48,662.53. Following the sale, the executive vice president now owns 316,084 shares of the company’s stock, valued at $1,615,189.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher W. Phillips sold 9,988 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $51,038.68. Following the completion of the sale, the insider now directly owns 413,884 shares in the company, valued at approximately $2,114,947.24. The disclosure for this sale can be found here. Insiders sold 37,682 shares of company stock worth $192,555 in the last ninety days. Insiders own 2.59% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. purchased a new position in Pandora Media during the second quarter worth approximately $109,000. Fox Run Management L.L.C. purchased a new position in Pandora Media during the third quarter worth approximately $111,000. Symmetry Peak Management LLC purchased a new position in Pandora Media during the second quarter worth approximately $112,000. Aperio Group LLC purchased a new position in Pandora Media during the second quarter worth approximately $115,000. Finally, Bourgeon Capital Management LLC purchased a new position in Pandora Media during the third quarter worth approximately $115,000.
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About Pandora Media
Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.
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