Wall Street brokerages forecast that TiVo Corporation (NASDAQ:TIVO) will announce $0.10 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for TiVo Corporation’s earnings, with estimates ranging from $0.04 to $0.16. TiVo Corporation posted earnings of $0.15 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings report on Thursday, July 27th.
On average, analysts expect that TiVo Corporation will report full year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.10. For the next financial year, analysts expect that the business will report earnings of $1.63 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow TiVo Corporation.
TiVo Corporation (NASDAQ:TIVO) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.08. TiVo Corporation had a net margin of 2.13% and a return on equity of 10.51%. The company had revenue of $205.76 million for the quarter, compared to the consensus estimate of $188.79 million. During the same period in the prior year, the firm posted $0.26 EPS. TiVo Corporation’s revenue for the quarter was up 73.8% on a year-over-year basis.
A number of brokerages have commented on TIVO. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a report on Monday, May 15th. Cowen and Company reiterated an “outperform” rating and issued a $30.00 target price on shares of TiVo Corporation in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine downgraded shares of TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $26.17.
Shares of TiVo Corporation (TIVO) traded up 1.37% during mid-day trading on Tuesday, reaching $18.50. 317,075 shares of the company traded hands. The firm has a 50 day moving average of $17.76 and a 200-day moving average of $18.88. The stock has a market capitalization of $2.22 billion, a PE ratio of 120.92 and a beta of 0.14. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $23.40.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.89%. TiVo Corporation’s payout ratio is 313.04%.
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Large investors have recently modified their holdings of the company. Tyers Asset Management LLC raised its stake in shares of TiVo Corporation by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock worth $102,000 after buying an additional 140 shares during the last quarter. Bank of Montreal Can raised its stake in shares of TiVo Corporation by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock worth $118,000 after buying an additional 3,849 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of TiVo Corporation by 2.6% in the first quarter. Flinton Capital Management LLC now owns 6,596 shares of the technology company’s stock worth $124,000 after buying an additional 170 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TiVo Corporation by 25.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock worth $132,000 after buying an additional 1,433 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of TiVo Corporation during the first quarter worth $143,000. Institutional investors and hedge funds own 89.98% of the company’s stock.
TiVo Corporation Company Profile
TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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