Pandora Media, Inc. (NYSE:P) is set to announce its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of ($0.24) per share for the quarter.
Pandora Media (NYSE:P) last issued its earnings results on Monday, May 8th. The Internet radio service reported ($0.37) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.13. Pandora Media had a negative return on equity of 45.15% and a negative net margin of 25.66%. The firm had revenue of $316 million for the quarter, compared to analysts’ expectations of $318.15 million. During the same quarter last year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Pandora Media to post $-0.50 EPS for the current fiscal year and $-0.19 EPS for the next fiscal year.
Pandora Media, Inc. (NYSE P) opened at 9.44 on Tuesday. The firm’s market cap is $2.27 billion. The company has a 50-day moving average price of $8.63 and a 200-day moving average price of $11.31. Pandora Media, Inc. has a one year low of $6.76 and a one year high of $14.98.
In related news, insider Christopher Douglas Martin sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $9.91, for a total transaction of $29,730.00. Following the sale, the insider now directly owns 272,569 shares in the company, valued at $2,701,158.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael S. Herring sold 11,730 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $9.38, for a total transaction of $110,027.40. Following the sale, the president now owns 548,230 shares in the company, valued at $5,142,397.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,642 shares of company stock worth $411,284. 2.59% of the stock is currently owned by company insiders.
A number of equities research analysts recently issued reports on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price objective on shares of Pandora Media in a report on Thursday, March 30th. Piper Jaffray Companies restated an “overweight” rating and set a $18.00 price target on shares of Pandora Media in a report on Wednesday, March 22nd. BMO Capital Markets restated a “hold” rating and set a $13.00 price target on shares of Pandora Media in a report on Monday, April 17th. Stifel Nicolaus restated a “buy” rating and set a $15.00 price target on shares of Pandora Media in a report on Wednesday, April 19th. Finally, Cowen and Company decreased their price target on shares of Pandora Media from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.03.
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About Pandora Media
Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.
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