TiVo Corp (NASDAQ:TIVO) – Equities research analysts at B. Riley reduced their Q1 2019 earnings per share (EPS) estimates for TiVo in a report issued on Wednesday, February 27th. B. Riley analyst E. Wold now forecasts that the technology company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.16. B. Riley also issued estimates for TiVo’s Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.11 EPS, FY2019 earnings at $0.41 EPS, Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $0.51 EPS.
Get TiVo alerts:TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Tuesday, February 26th. The technology company reported ($2.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($2.61). TiVo had a negative net margin of 5.76% and a positive return on equity of 4.65%. The business had revenue of $168.46 million for the quarter, compared to analysts’ expectations of $173.68 million. During the same quarter in the previous year, the firm earned $0.47 EPS. TiVo’s revenue was down 21.4% compared to the same quarter last year.
Several other equities research analysts have also recently weighed in on TIVO. ValuEngine cut TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded TiVo from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, November 16th. Finally, BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.67.
Shares of TIVO stock opened at $9.79 on Monday. TiVo has a twelve month low of $8.73 and a twelve month high of $15.32. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 19.58 and a beta of 0.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.55 and a quick ratio of 3.49.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Monday, March 11th. TiVo’s dividend payout ratio is 144.00%.
Several hedge funds have recently modified their holdings of TIVO. Oregon Public Employees Retirement Fund purchased a new stake in shares of TiVo in the 4th quarter worth $47,000. Meridian Wealth Management LLC purchased a new stake in shares of TiVo in the 4th quarter worth $107,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of TiVo in the 4th quarter worth $117,000. Magnus Financial Group LLC purchased a new stake in shares of TiVo in the 4th quarter worth $151,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of TiVo in the 3rd quarter worth $162,000. Institutional investors and hedge funds own 94.04% 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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