$212.11 Million in Sales Expected for TiVo Corp (TIVO) This Quarter

Brokerages forecast that TiVo Corp (NASDAQ:TIVO) will report $212.11 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for TiVo’s earnings, with estimates ranging from $210.18 million to $214.04 million. TiVo reported sales of $252.34 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.9%. The business is scheduled to report its next earnings report on Wednesday, February 21st.

On average, analysts expect that TiVo will report full year sales of $212.11 million for the current year, with estimates ranging from $820.00 million to $826.26 million. For the next year, analysts anticipate that the company will post sales of $929.35 million per share, with estimates ranging from $816.75 million to $1.03 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover TiVo.

TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $190.83 million. During the same quarter last year, the company earned $0.59 EPS. TiVo’s revenue for the quarter was up 29.3% compared to the same quarter last year.

Several research firms have issued reports on TIVO. ValuEngine cut TiVo from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group reiterated a “buy” rating and issued a $18.00 price objective on shares of TiVo in a research report on Thursday, September 21st. Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 price objective on shares of TiVo in a research report on Friday, November 3rd. B. Riley cut their price objective on TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 4th. Finally, Cowen reiterated a “buy” rating and issued a $30.00 price objective on shares of TiVo in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $22.75.

TiVo (TIVO) opened at $14.05 on Tuesday. The stock has a market capitalization of $1,690.00, a price-to-earnings ratio of -36.03, a price-to-earnings-growth ratio of 1.14 and a beta of 0.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.38 and a quick ratio of 2.33. TiVo has a 52-week low of $14.05 and a 52-week high of $21.75.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Tuesday, December 5th. TiVo’s dividend payout ratio (DPR) is -184.62%.

In other TiVo news, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the sale, the executive vice president now owns 89,976 shares of the company’s stock, valued at $1,799,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Rodriguez bought 55,974 shares of the stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $17.86 per share, for a total transaction of $999,695.64. The disclosure for this purchase can be found here. 3.57% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of TIVO. Bank of Montreal Can grew its holdings in TiVo by 90.4% in the second quarter. Bank of Montreal Can now owns 12,010 shares of the technology company’s stock valued at $224,000 after purchasing an additional 5,703 shares during the last quarter. Aperio Group LLC grew its holdings in TiVo by 2.1% in the second quarter. Aperio Group LLC now owns 25,054 shares of the technology company’s stock valued at $467,000 after purchasing an additional 521 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in TiVo by 13.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 838,385 shares of the technology company’s stock valued at $15,636,000 after purchasing an additional 98,816 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of TiVo by 0.3% during the second quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock valued at $1,179,000 after acquiring an additional 200 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of TiVo by 97.6% during the second quarter. First Trust Advisors LP now owns 61,323 shares of the technology company’s stock valued at $1,144,000 after acquiring an additional 30,296 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.

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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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