Wall Street analysts expect that TiVo Corp (NASDAQ:TIVO) will report $168.16 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TiVo’s earnings, with estimates ranging from $167.08 million to $169.79 million. TiVo reported sales of $168.46 million during the same quarter last year, which indicates a negative year over year growth rate of 0.2%. The company is scheduled to report its next earnings results on Tuesday, February 25th.
On average, analysts expect that TiVo will report full-year sales of $661.09 million for the current year, with estimates ranging from $660.01 million to $662.72 million. For the next financial year, analysts expect that the business will report sales of $680.25 million, with estimates ranging from $679.95 million to $680.54 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for TiVo.
TiVo (NASDAQ:TIVO) last announced its earnings results on Thursday, November 7th. The technology company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.11). The company had revenue of $158.52 million during the quarter, compared to analyst estimates of $149.68 million. TiVo had a positive return on equity of 2.04% and a negative net margin of 71.94%.
A number of brokerages have recently commented on TIVO. ValuEngine upgraded TiVo from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub downgraded shares of TiVo from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. B. Riley set a $19.00 price objective on shares of TiVo and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Zacks Investment Research raised shares of TiVo from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TiVo presently has a consensus rating of “Buy” and a consensus target price of $14.25.
Shares of TIVO traded up $0.35 during midday trading on Friday, hitting $8.11. The stock had a trading volume of 25,169 shares, compared to its average volume of 893,040. The company has a 50 day simple moving average of $7.80 and a two-hundred day simple moving average of $7.52. TiVo has a twelve month low of $6.61 and a twelve month high of $11.78. The firm has a market cap of $989.08 million, a price-to-earnings ratio of 16.24 and a beta of 0.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.11 and a quick ratio of 1.10.
A number of hedge funds have recently modified their holdings of TIVO. Tower Research Capital LLC TRC acquired a new position in shares of TiVo in the second quarter valued at about $25,000. Meeder Asset Management Inc. lifted its holdings in shares of TiVo by 806.6% during the second quarter. Meeder Asset Management Inc. now owns 9,066 shares of the technology company’s stock worth $67,000 after purchasing an additional 8,066 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of TiVo in the third quarter worth $87,000. Bank of Montreal Can raised its position in TiVo by 262.7% during the 2nd quarter. Bank of Montreal Can now owns 13,053 shares of the technology company’s stock worth $96,000 after purchasing an additional 9,454 shares during the last quarter. Finally, Ellington Management Group LLC acquired a new position in TiVo during the 2nd quarter worth about $116,000. Hedge funds and other institutional investors own 89.19% 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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