Brokerages Anticipate TiVo Corp (TIVO) Will Announce Quarterly Sales of $158.21 Million

Equities analysts forecast that TiVo Corp (NASDAQ:TIVO) will report $158.21 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for TiVo’s earnings, with estimates ranging from $158.12 million to $158.31 million. TiVo posted sales of $189.84 million during the same quarter last year, which suggests a negative year over year growth rate of 16.7%. The firm is expected to announce its next quarterly earnings results on Thursday, May 9th.

On average, analysts expect that TiVo will report full year sales of $643.52 million for the current year, with estimates ranging from $641.33 million to $647.30 million. For the next financial year, analysts forecast that the firm will post sales of $669.85 million, with estimates ranging from $666.70 million to $672.99 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow TiVo.

TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Tuesday, February 26th. The technology company reported ($2.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($2.61). The firm had revenue of $168.46 million during the quarter, compared to analysts’ expectations of $173.68 million. TiVo had a negative net margin of 50.20% and a positive return on equity of 3.73%. TiVo’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS.

Several brokerages have weighed in on TIVO. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. ValuEngine downgraded TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research downgraded TiVo from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.67.

NASDAQ TIVO traded up $0.10 during trading hours on Monday, hitting $9.32. 645,930 shares of the company were exchanged, compared to its average volume of 817,112. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.98 and a quick ratio of 0.96. TiVo has a 52-week low of $8.73 and a 52-week high of $15.32. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 18.64 and a beta of -0.05.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.72 annualized dividend and a yield of 7.73%. TiVo’s dividend payout ratio (DPR) is 144.00%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund purchased a new stake in TiVo during the 4th quarter worth about $47,000. Meridian Wealth Management LLC acquired a new position in shares of TiVo during the 4th quarter worth about $107,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of TiVo during the 4th quarter worth about $117,000. Magnus Financial Group LLC acquired a new position in shares of TiVo during the 4th quarter worth about $151,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of TiVo during the 3rd quarter worth about $162,000. Institutional investors own 93.82% of the company’s stock.

TiVo Company Profile

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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Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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