Zacks: Brokerages Anticipate TiVo Corp (TIVO) to Post $0.27 EPS

Equities analysts forecast that TiVo Corp (NASDAQ:TIVO) will announce earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TiVo’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.25. TiVo posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year over year growth rate of 15.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that TiVo will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.01 to $1.10. For the next year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.10 to $1.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for TiVo.

TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.44). The company had revenue of $164.70 million during the quarter, compared to the consensus estimate of $166.85 million. TiVo had a positive return on equity of 4.62% and a negative net margin of 5.76%. The company’s revenue was down 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share.

TIVO has been the subject of several recent research reports. B. Riley boosted their price target on TiVo from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. ValuEngine downgraded TiVo from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. BidaskClub downgraded TiVo from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 13th. Finally, JPMorgan Chase & Co. dropped their target price on TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. TiVo presently has an average rating of “Hold” and an average target price of $22.00.

Shares of TIVO traded up $0.59 during trading hours on Monday, hitting $11.07. The company had a trading volume of 2,413,423 shares, compared to its average volume of 1,145,246. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 17.74 and a beta of -0.19. The company has a current ratio of 3.54, a quick ratio of 3.47 and a debt-to-equity ratio of 0.54. TiVo has a one year low of $10.45 and a one year high of $19.48.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.72 annualized dividend and a yield of 6.50%. TiVo’s dividend payout ratio (DPR) is 73.47%.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in TiVo by 3.3% during the 3rd quarter. BlackRock Inc. now owns 16,952,639 shares of the technology company’s stock worth $211,061,000 after buying an additional 546,090 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in TiVo during the 2nd quarter worth $33,961,000. Bank of New York Mellon Corp grew its stake in TiVo by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,488,966 shares of the technology company’s stock worth $30,988,000 after buying an additional 86,649 shares during the last quarter. Northern Trust Corp grew its stake in TiVo by 0.9% during the 2nd quarter. Northern Trust Corp now owns 2,453,777 shares of the technology company’s stock worth $33,002,000 after buying an additional 21,439 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in TiVo by 6.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,078,048 shares of the technology company’s stock worth $25,872,000 after buying an additional 118,284 shares during the last quarter. Hedge funds and other institutional investors own 91.97% 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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