TiVo Corp (TIVO) to Post Q3 2018 Earnings of $0.23 Per Share, B. Riley Forecasts

TiVo Corp (NASDAQ:TIVO) – Equities researchers at B. Riley cut their Q3 2018 earnings per share estimates for TiVo in a research note issued to investors on Monday. B. Riley analyst E. Wold now anticipates that the technology company will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.35. B. Riley currently has a “Buy” rating and a $24.00 target price on the stock.

TIVO has been the topic of several other reports. Cowen reiterated a “buy” rating and issued a $30.00 price target on shares of TiVo in a research note on Friday, September 8th. ValuEngine upgraded shares of TiVo from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and set a $25.00 price objective on shares of TiVo in a research note on Friday, November 3rd. Finally, Jefferies Group restated a “buy” rating and set a $18.00 price objective on shares of TiVo in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.25.

Shares of TiVo (NASDAQ TIVO) traded up $0.15 during trading hours on Tuesday, hitting $16.20. 1,015,600 shares of the company were exchanged, compared to its average volume of 713,206. TiVo has a fifty-two week low of $15.15 and a fifty-two week high of $21.90. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1,958.97, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.28 and a beta of 0.11.

TiVo (NASDAQ:TIVO) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). TiVo had a positive return on equity of 4.72% and a negative net margin of 5.39%. The company had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue was up 29.3% on a year-over-year basis.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank raised its position in shares of TiVo by 0.5% in the 2nd quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock valued at $296,000 after buying an additional 85 shares in the last quarter. Cipher Capital LP raised its position in shares of TiVo by 0.3% in the 2nd quarter. Cipher Capital LP now owns 26,769 shares of the technology company’s stock valued at $499,000 after buying an additional 89 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of TiVo by 1.1% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock valued at $198,000 after buying an additional 120 shares in the last quarter. Arizona State Retirement System raised its position in shares of TiVo by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock valued at $1,179,000 after buying an additional 200 shares in the last quarter. Finally, People s United Financial Inc. raised its position in shares of TiVo by 0.4% in the 2nd quarter. People s United Financial Inc. now owns 71,188 shares of the technology company’s stock valued at $1,328,000 after buying an additional 276 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

In other TiVo news, insider Dustin Finer sold 11,881 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $237,620.00. Following the completion of the sale, the insider now owns 41,524 shares of the company’s stock, valued at approximately $830,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $62,940.00. Following the completion of the sale, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The disclosure for this sale can be found here. Insiders own 3.57% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Tuesday, December 5th. TiVo’s payout ratio is -184.62%.

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TiVo 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.

Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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