$168.16 Million in Sales Expected for TiVo Corp (NASDAQ:TIVO) This Quarter

Analysts expect that TiVo Corp (NASDAQ:TIVO) will report sales of $168.16 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TiVo’s earnings. The highest sales estimate is $169.79 million and the lowest is $167.08 million. TiVo posted sales of $168.46 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.2%. The business is expected to issue its next earnings report on Tuesday, February 25th.

According to Zacks, 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 forecast that the company will post sales of $680.25 million, with estimates ranging from $679.95 million to $680.54 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover TiVo.

TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.11). TiVo had a positive return on equity of 2.04% and a negative net margin of 71.94%. The company had revenue of $158.52 million during the quarter, compared to the consensus estimate of $149.68 million.

TIVO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Wednesday, November 6th. B. Riley set a $19.00 target price on shares of TiVo and gave the company a “buy” rating in a research note on Friday, August 23rd. ValuEngine upgraded shares of TiVo from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub cut shares of TiVo from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.25.

Shares of TIVO stock traded up $0.35 during midday trading on Friday, reaching $8.11. 25,169 shares of the stock were exchanged, compared to its average volume of 893,040. TiVo has a 1 year low of $6.61 and a 1 year high of $11.78. The company’s 50 day moving average is $7.80 and its two-hundred day moving average is $7.52. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market cap of $989.08 million, a PE ratio of 16.24 and a beta of 0.13.

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in TiVo by 442.3% in the second quarter. JPMorgan Chase & Co. now owns 5,157,221 shares of the technology company’s stock valued at $37,028,000 after buying an additional 4,206,268 shares during the period. Renaissance Technologies LLC lifted its holdings in TiVo by 1,223.4% in the second quarter. Renaissance Technologies LLC now owns 1,528,535 shares of the technology company’s stock worth $11,265,000 after acquiring an additional 1,413,035 shares during the last quarter. Prudential Financial Inc. lifted its holdings in TiVo by 430.9% in the second quarter. Prudential Financial Inc. now owns 1,072,676 shares of the technology company’s stock worth $7,906,000 after acquiring an additional 870,635 shares during the last quarter. Clearline Capital LP boosted its stake in TiVo by 161.4% in the second quarter. Clearline Capital LP now owns 1,265,789 shares of the technology company’s stock valued at $9,329,000 after acquiring an additional 781,560 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of TiVo by 413.9% during the second quarter. Jacobs Levy Equity Management Inc. now owns 551,782 shares of the technology company’s stock valued at $4,067,000 after purchasing an additional 444,410 shares during the last quarter. Institutional investors and hedge funds own 89.19% of the company’s stock.

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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Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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