Brokerages Expect TiVo Corp (TIVO) to Post $0.28 EPS

Wall Street analysts expect TiVo Corp (NASDAQ:TIVO) to post earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for TiVo’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.26. TiVo reported earnings of $0.32 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The business is expected to issue its next quarterly earnings results on Tuesday, February 26th.

On average, analysts expect that TiVo will report full-year earnings of $1.08 per share for the current year, with EPS estimates ranging from $1.06 to $1.10. For the next fiscal year, analysts anticipate that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.17 to $1.37. Zacks Investment Research’s earnings per share 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 quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.44). TiVo had a negative net margin of 5.76% and a positive return on equity of 4.65%. The company had revenue of $164.70 million for the quarter, compared to analyst estimates of $166.85 million. During the same quarter in the prior year, the company posted $0.40 EPS. TiVo’s revenue for the quarter was down 16.8% on a year-over-year basis.

Several equities analysts have recently weighed in on TIVO shares. JPMorgan Chase & Co. dropped their price objective on shares of TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, August 9th. BidaskClub upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. ValuEngine upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. B. Riley upped their price objective on shares of TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, August 27th. Finally, Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of TiVo in the 2nd quarter worth about $143,000. Bbva Compass Bancshares Inc. acquired a new stake in shares of TiVo in the 2nd quarter worth about $168,000. Stone Ridge Asset Management LLC acquired a new stake in shares of TiVo in the 3rd quarter worth about $162,000. Stevens Capital Management LP acquired a new stake in shares of TiVo in the 3rd quarter worth about $172,000. Finally, Trexquant Investment LP acquired a new stake in shares of TiVo in the 2nd quarter worth about $188,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.

Shares of NASDAQ TIVO traded up $0.20 during trading on Wednesday, hitting $10.10. 846,500 shares of the company traded hands, compared to its average volume of 1,031,902. TiVo has a fifty-two week low of $9.56 and a fifty-two week high of $17.70. The firm has a market capitalization of $1.23 billion, a P/E ratio of 10.31 and a beta of -0.25. The company has a current ratio of 3.55, a quick ratio of 3.49 and a debt-to-equity ratio of 0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 7.13%. TiVo’s dividend payout ratio is currently 73.47%.

About TiVo

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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