Wall Street analysts expect TiVo Co. (NASDAQ:TIVO) to post earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for TiVo’s earnings, with estimates ranging from $0.30 to $0.44. TiVo reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that TiVo will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.40 to $1.73. For the next financial year, analysts forecast that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover TiVo.
TiVo (NASDAQ:TIVO) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $214.24 million during the quarter, compared to analyst estimates of $212.24 million. TiVo had a negative net margin of 4.59% and a positive return on equity of 4.02%.
A number of analysts recently commented on TIVO shares. Zacks Investment Research raised TiVo from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. B. Riley lowered TiVo from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $24.00 to $18.00 in a research note on Wednesday, December 13th. BWS Financial started coverage on TiVo in a research note on Monday, January 22nd. They set a “buy” rating and a $25.00 price objective on the stock. Finally, BidaskClub raised TiVo from a “strong sell” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.50.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its stake in shares of TiVo by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 2,627,610 shares of the technology company’s stock valued at $52,158,000 after acquiring an additional 232,034 shares during the last quarter. Spark Investment Management LLC purchased a new position in TiVo during the fourth quarter worth about $4,286,000. Bessemer Group Inc. lifted its position in TiVo by 117.1% during the fourth quarter. Bessemer Group Inc. now owns 75,100 shares of the technology company’s stock worth $1,172,000 after buying an additional 40,500 shares during the period. Schwab Charles Investment Management Inc. lifted its position in TiVo by 3.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 948,274 shares of the technology company’s stock worth $14,794,000 after buying an additional 31,005 shares during the period. Finally, AXA lifted its position in TiVo by 7.3% during the third quarter. AXA now owns 437,400 shares of the technology company’s stock worth $8,682,000 after buying an additional 29,573 shares during the period. 92.18% of the stock is currently owned by institutional investors and hedge funds.
TiVo stock traded up $0.35 during trading hours on Thursday, hitting $14.50. The stock had a trading volume of 294,852 shares, compared to its average volume of 1,280,079. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.48 and a current ratio of 2.54. The firm has a market capitalization of $1,715.38, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.10 and a beta of -0.21. TiVo has a 1-year low of $12.75 and a 1-year high of $20.17.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Tuesday, March 6th. TiVo’s payout ratio is currently 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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