Wall Street brokerages expect TiVo Co. (NASDAQ:TIVO) to announce $0.36 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for TiVo’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.35. TiVo also reported earnings of $0.36 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that TiVo will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.40 to $1.65. For the next year, analysts expect that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.62 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover TiVo.
TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Thursday, May 10th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $189.80 million during the quarter, compared to analyst estimates of $195.72 million. TiVo had a positive return on equity of 4.09% and a negative net margin of 2.59%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS.
TIVO has been the subject of a number of research reports. BWS Financial initiated coverage on shares of TiVo in a report on Monday, January 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research raised shares of TiVo from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. B. Riley raised shares of TiVo from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Friday, February 2nd. BidaskClub raised shares of TiVo from a “strong sell” rating to a “sell” rating in a report on Saturday, April 7th. Finally, ValuEngine downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $23.50.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of TiVo by 0.8% during the first quarter. BlackRock Inc. now owns 15,960,628 shares of the technology company’s stock valued at $216,268,000 after acquiring an additional 125,113 shares during the period. Fiduciary Management Inc. WI acquired a new position in shares of TiVo during the first quarter valued at $37,914,000. Denver Investment Advisors LLC boosted its holdings in shares of TiVo by 1.5% during the first quarter. Denver Investment Advisors LLC now owns 2,728,483 shares of the technology company’s stock valued at $36,971,000 after acquiring an additional 41,153 shares during the period. Northern Trust Corp boosted its holdings in shares of TiVo by 2.9% during the first quarter. Northern Trust Corp now owns 2,432,338 shares of the technology company’s stock valued at $32,957,000 after acquiring an additional 69,364 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of TiVo by 54.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,386,223 shares of the technology company’s stock valued at $37,225,000 after acquiring an additional 845,257 shares during the period. 92.40% of the stock is owned by institutional investors.
TiVo stock traded down $0.21 during mid-day trading on Wednesday, reaching $13.67. The company’s stock had a trading volume of 2,460 shares, compared to its average volume of 1,209,901. The company has a market cap of $1.71 billion, a PE ratio of 14.15, a P/E/G ratio of 1.27 and a beta of -0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.34 and a quick ratio of 3.25. TiVo has a twelve month low of $13.65 and a twelve month high of $13.75.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, June 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Tuesday, June 5th. TiVo’s dividend payout ratio (DPR) is 73.47%.
TiVo Corporation provides entertainment technology and audience insights worldwide. Its Intellectual Property Licensing segment licenses its patent portfolio to multi-channel video service providers, including cable, satellite, and Internet-protocol television providers; set-top box manufacturers; and interactive television software and program guide providers in the online, over-the-top (OTT) video, and mobile phone businesses, as well as consumer electronics (CE) manufacturers.
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