Analysts Anticipate TiVo Corp (NASDAQ:TIVO) Will Post Earnings of $0.19 Per Share

Share on StockTwits

Analysts forecast that TiVo Corp (NASDAQ:TIVO) will report earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TiVo’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. TiVo reported earnings of $0.17 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The firm is expected to issue its next earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that TiVo will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.76. For the next fiscal year, analysts anticipate that the company will report earnings of $0.82 per share, with EPS estimates ranging from $0.80 to $0.84. Zacks’ EPS averages are an average based on a survey of analysts that follow TiVo.

TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.07). The firm had revenue of $158.20 million during the quarter, compared to analyst estimates of $158.21 million. TiVo had a positive return on equity of 2.49% and a negative net margin of 53.94%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS.

A number of brokerages have recently issued reports on TIVO. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. B. Riley set a $18.00 price target on shares of TiVo and gave the stock a “buy” rating in a research report on Friday, July 12th. TheStreet downgraded shares of Wayside Technology Group from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd. Finally, BidaskClub upgraded shares of Winmark from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.75.

Shares of NASDAQ TIVO traded down $0.10 during midday trading on Monday, reaching $7.23. The stock had a trading volume of 973,102 shares, compared to its average volume of 953,155. The company has a market cap of $903.03 million, a price-to-earnings ratio of 14.46 and a beta of 0.20. TiVo has a twelve month low of $6.61 and a twelve month high of $14.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.97. The firm has a 50 day simple moving average of $7.11.

Several large investors have recently added to or reduced their stakes in TIVO. Norges Bank bought a new stake in shares of TiVo in the 4th quarter valued at $14,794,000. BlackRock Inc. increased its stake in shares of TiVo by 4.1% in the 4th quarter. BlackRock Inc. now owns 17,646,075 shares of the technology company’s stock valued at $166,050,000 after acquiring an additional 693,436 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of TiVo by 183.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 885,972 shares of the technology company’s stock valued at $8,337,000 after acquiring an additional 573,150 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of TiVo by 36.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,746,396 shares of the technology company’s stock valued at $16,277,000 after acquiring an additional 462,144 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in shares of TiVo by 33.7% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,483,367 shares of the technology company’s stock valued at $13,825,000 after acquiring an additional 373,950 shares in the last quarter. Institutional investors own 93.54% 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.

Featured Story: Can individual investors take part in an IPO?

Get a free copy of the Zacks research report on TiVo (TIVO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TiVo (NASDAQ:TIVO)

Receive News & Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related companies with MarketBeat.com's FREE daily email newsletter.