Equities research analysts expect that TiVo Corp (NASDAQ:TIVO) will post earnings per share of $0.25 for the current quarter, Zacks reports. Three analysts have issued estimates for TiVo’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.20. TiVo posted earnings of $0.19 per share in the same quarter last year, which suggests a positive year over year growth rate of 31.6%. The firm is expected to announce its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that TiVo will report full year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.16. For the next financial year, analysts forecast that the firm will post earnings of $1.25 per share, with EPS estimates ranging from $1.10 to $1.45. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for TiVo.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $172.86 million for 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%.
Several analysts recently commented on TIVO shares. JPMorgan Chase & Co. decreased their price target on TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, August 9th. B. Riley boosted their price target on TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, August 27th. BidaskClub raised TiVo from a “strong sell” rating to a “sell” rating in a research note on Friday, August 10th. ValuEngine lowered TiVo from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research raised TiVo from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. TiVo has a consensus rating of “Buy” and an average target price of $23.17.
Hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new position in TiVo in the 1st quarter valued at $108,000. Bank of Montreal Can bought a new position in TiVo in the 2nd quarter valued at $143,000. Bbva Compass Bancshares Inc. bought a new position in TiVo in the 2nd quarter valued at $168,000. Asset Management One Co. Ltd. bought a new position in TiVo in the 1st quarter valued at $174,000. Finally, Fox Run Management L.L.C. bought a new position in TiVo in the 2nd quarter valued at $174,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.
TIVO stock traded down $0.03 during trading on Friday, hitting $13.60. The company had a trading volume of 536,099 shares, compared to its average volume of 1,039,654. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 3.47. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 13.88 and a beta of -0.49. TiVo has a fifty-two week low of $11.30 and a fifty-two week high of $20.17.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, September 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.29%. The ex-dividend date is Wednesday, September 5th. TiVo’s dividend payout ratio is 73.47%.
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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