Analysts expect that TiVo Corp (NASDAQ:TIVO) will report sales of $167.30 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TiVo’s earnings. The highest sales estimate is $169.42 million and the lowest is $165.53 million. TiVo posted sales of $197.90 million during the same quarter last year, which suggests a negative year-over-year growth rate of 15.5%. The business is expected to issue its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that TiVo will report full-year sales of $706.84 million for the current year, with estimates ranging from $701.62 million to $711.84 million. For the next financial year, analysts forecast that the company will post sales of $706.56 million, with estimates ranging from $696.66 million to $716.45 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover TiVo.
TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $172.86 million during the quarter, compared to analyst estimates of $178.36 million. TiVo had a positive return on equity of 3.06% and a negative net margin of 4.75%.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised TiVo from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. ValuEngine upgraded TiVo from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a report on Friday, August 24th. B. Riley upped their target price on TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, August 27th. Finally, JPMorgan Chase & Co. decreased their target price on TiVo from $30.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.75.
NASDAQ:TIVO opened at $11.48 on Friday. The company has a market cap of $1.54 billion, a PE ratio of 12.01 and a beta of -0.51. TiVo has a fifty-two week low of $11.12 and a fifty-two week high of $19.48. The company has a quick ratio of 3.47, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Thursday, September 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.27%. TiVo’s dividend payout ratio is presently 73.47%.
Several institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. raised its holdings in shares of TiVo by 131.3% during the third quarter. Fox Run Management L.L.C. now owns 29,892 shares of the technology company’s stock valued at $372,000 after acquiring an additional 16,967 shares in the last quarter. Fondren Management LP bought a new position in shares of TiVo during the second quarter valued at approximately $202,000. Northern Trust Corp raised its holdings in shares of TiVo by 0.9% during the second quarter. Northern Trust Corp now owns 2,453,777 shares of the technology company’s stock valued at $33,002,000 after acquiring an additional 21,439 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of TiVo by 9,668.1% during the second quarter. Advisors Asset Management Inc. now owns 515,558 shares of the technology company’s stock valued at $6,934,000 after acquiring an additional 510,280 shares in the last quarter. Finally, B. Riley Financial Inc. bought a new position in shares of TiVo during the second quarter valued at approximately $381,000. Institutional investors own 91.95% of the company’s stock.
TiVo Company Profile
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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