Zacks: Analysts Anticipate TiVo Corp (TIVO) Will Announce Quarterly Sales of $192.61 Million

Equities analysts expect TiVo Corp (NASDAQ:TIVO) to post $192.61 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TiVo’s earnings, with the highest sales estimate coming in at $201.78 million and the lowest estimate coming in at $182.12 million. TiVo reported sales of $205.76 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6.4%. The firm is scheduled to announce its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that TiVo will report full year sales of $192.61 million for the current year, with estimates ranging from $735.43 million to $1.03 billion. For the next financial year, analysts expect that the firm will post sales of $779.15 million per share, with estimates ranging from $753.70 million to $804.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover TiVo.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of TiVo from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley boosted their price objective on shares of TiVo from $18.00 to $19.50 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, BWS Financial assumed coverage on shares of TiVo in a research note on Wednesday, February 28th. They issued a “buy” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $23.50.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in shares of TiVo during the 4th quarter worth $114,000. AMP Capital Investors Ltd acquired a new position in shares of TiVo during the 4th quarter worth $192,000. Suntrust Banks Inc. acquired a new position in shares of TiVo during the 4th quarter worth $199,000. Xact Kapitalforvaltning AB acquired a new position in shares of TiVo during the 4th quarter worth $201,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of TiVo by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock worth $209,000 after purchasing an additional 856 shares during the period. 91.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of TiVo (TIVO) traded up $0.40 on Friday, reaching $14.95. 1,629,059 shares of the company’s stock traded hands, compared to its average volume of 1,454,232. The company has a quick ratio of 2.48, a current ratio of 2.54 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1,799.02, a PE ratio of -46.72, a P/E/G ratio of 1.15 and a beta of -0.17. TiVo has a 12 month low of $12.75 and a 12 month high of $20.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 4.82%. TiVo’s dividend payout ratio is currently -225.00%.

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About TiVo

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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Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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