Wall Street analysts forecast that Pandora Media Inc. (NYSE:P) will post earnings of ($0.36) per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Pandora Media’s earnings, with the highest EPS estimate coming in at ($0.28) and the lowest estimate coming in at ($0.46). Pandora Media reported earnings per share of ($0.24) during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Pandora Media will report full-year earnings of ($0.53) per share for the current financial year, with EPS estimates ranging from ($0.89) to ($0.26). For the next financial year, analysts expect that the firm will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.57) to $0.11. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Pandora Media.
Pandora Media (NYSE:P) last released its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.14). Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The business had revenue of $395.00 million during the quarter, compared to the consensus estimate of $376.79 million. During the same quarter in the previous year, the business posted ($0.13) earnings per share. Pandora Media’s quarterly revenue was up .6% compared to the same quarter last year.
A number of research analysts recently issued reports on the company. Macquarie reiterated a “hold” rating and set a $5.00 price objective on shares of Pandora Media in a research note on Sunday, February 25th. JPMorgan Chase lowered their price target on Pandora Media from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 10th. Raymond James raised Pandora Media from a “market perform” rating to a “strong-buy” rating and set a $8.00 price objective on the stock in a report on Thursday, March 22nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $5.00 price objective (down from $6.00) on shares of Pandora Media in a report on Thursday, February 22nd. Finally, Wells Fargo reaffirmed a “hold” rating and set a $6.00 price objective on shares of Pandora Media in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Pandora Media has an average rating of “Hold” and an average target price of $9.04.
In other news, General Counsel Stephen G. Bene sold 11,260 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.07, for a total transaction of $57,088.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kristen Robinson sold 11,403 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,813.21. Following the transaction, the insider now directly owns 487,526 shares in the company, valued at approximately $2,471,756.82. The disclosure for this sale can be found here. Insiders have sold a total of 45,497 shares of company stock worth $230,670 in the last three months. Corporate insiders own 2.59% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Pandora Media during the 4th quarter worth $106,000. Two Sigma Advisers LP purchased a new stake in shares of Pandora Media during the 4th quarter worth $110,000. Two Sigma Securities LLC lifted its stake in shares of Pandora Media by 106.7% during the 4th quarter. Two Sigma Securities LLC now owns 23,323 shares of the Internet radio service’s stock worth $112,000 after purchasing an additional 12,040 shares during the last quarter. Creative Planning purchased a new stake in shares of Pandora Media during the 4th quarter worth $128,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Pandora Media during the 4th quarter worth $138,000.
Pandora Media stock opened at $5.30 on Monday. The stock has a market cap of $1,307.56, a price-to-earnings ratio of -4.27 and a beta of -0.58. Pandora Media has a 52-week low of $4.09 and a 52-week high of $11.17. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.79.
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About Pandora Media
Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.
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