Equities analysts expect TiVo Corp (NASDAQ:TIVO) to post $192.48 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for TiVo Corp’s earnings, with the lowest sales estimate coming in at $187.67 million and the highest estimate coming in at $197.29 million. TiVo Corp posted sales of $125.25 million in the same quarter last year, which suggests a positive year over year growth rate of 53.7%. The company is scheduled to report its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that TiVo Corp will report full year sales of $192.48 million for the current financial year, with estimates ranging from $820.00 million to $825.29 million. For the next fiscal year, analysts expect that the firm will report sales of $902.92 million per share, with estimates ranging from $871.17 million to $934.66 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow TiVo Corp.
TiVo Corp (NASDAQ:TIVO) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. TiVo Corp had a negative return on equity of 7.35% and a negative net margin of 16.85%. The company had revenue of $205.76 million for the quarter, compared to the consensus estimate of $188.79 million. During the same quarter in the previous year, the business earned $0.26 EPS. TiVo Corp’s revenue was up 73.8% compared to the same quarter last year.
A number of research firms recently weighed in on TIVO. B. Riley reissued a “buy” rating and issued a $31.00 price objective on shares of TiVo Corp in a research report on Monday, May 15th. ValuEngine lowered shares of TiVo Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.17.
TiVo Corp (NASDAQ:TIVO) opened at 17.80 on Friday. The company’s 50-day moving average price is $17.83 and its 200-day moving average price is $19.06. The stock has a market cap of $2.14 billion, a P/E ratio of 116.34 and a beta of 0.84. TiVo Corp has a one year low of $15.06 and a one year high of $23.40.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Tuesday, June 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, June 2nd. This represents a $0.72 annualized dividend and a dividend yield of 4.04%.
Several hedge funds and other institutional investors have recently modified their holdings of TIVO. Comerica Bank boosted its position in TiVo Corp by 3.5% in the fourth quarter. Comerica Bank now owns 127,190 shares of the technology company’s stock worth $2,556,000 after buying an additional 4,298 shares during the last quarter. Cipher Capital LP boosted its position in TiVo Corp by 27.0% in the fourth quarter. Cipher Capital LP now owns 94,392 shares of the technology company’s stock worth $1,973,000 after buying an additional 20,087 shares during the last quarter. Oxford Asset Management boosted its position in TiVo Corp by 438.8% in the fourth quarter. Oxford Asset Management now owns 97,627 shares of the technology company’s stock worth $2,040,000 after buying an additional 79,509 shares during the last quarter. FMR LLC boosted its position in TiVo Corp by 52.9% in the fourth quarter. FMR LLC now owns 5,390,485 shares of the technology company’s stock worth $112,661,000 after buying an additional 1,865,716 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in TiVo Corp by 81.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,928,997 shares of the technology company’s stock worth $40,316,000 after buying an additional 867,392 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.
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TiVo Corp 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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