Equities research analysts expect Pandora Media Inc (NYSE:P) to report $374.93 million in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Pandora Media’s earnings. The lowest sales estimate is $371.36 million and the highest is $380.00 million. Pandora Media reported sales of $392.60 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.5%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Pandora Media will report full-year sales of $374.93 million for the current fiscal year, with estimates ranging from $1.37 billion to $1.49 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.56 billion per share, with estimates ranging from $1.47 billion to $1.70 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Pandora Media.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The company had revenue of $378.60 million during the quarter, compared to the consensus estimate of $380.54 million. During the same period last year, the firm earned ($0.07) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. Raymond James Financial reissued a “hold” rating on shares of Pandora Media in a research note on Thursday, December 14th. Piper Jaffray Companies set a $9.00 price objective on shares of Pandora Media and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Evercore ISI assumed coverage on shares of Pandora Media in a research note on Tuesday, December 5th. They set an “in-line” rating and a $5.50 price objective for the company. TD Securities reissued a “hold” rating on shares of Pandora Media in a research note on Thursday, November 23rd. Finally, BMO Capital Markets raised shares of Pandora Media from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $11.00 to $7.00 in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Pandora Media has an average rating of “Hold” and an average target price of $10.94.

Shares of Pandora Media (NYSE P) opened at $4.74 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18. Pandora Media has a 12-month low of $4.44 and a 12-month high of $13.72.

In other news, insider Christopher W. Phillips sold 9,988 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $51,038.68. Following the completion of the sale, the insider now directly owns 413,884 shares of the company’s stock, valued at approximately $2,114,947.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen G. Bene sold 7,967 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $40,711.37. Following the sale, the general counsel now directly owns 330,865 shares of the company’s stock, valued at $1,690,720.15. The disclosure for this sale can be found here. Insiders have sold a total of 37,682 shares of company stock valued at $192,555 over the last three months. Corporate insiders own 2.59% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its holdings in shares of Pandora Media by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 49,301 shares of the Internet radio service’s stock valued at $440,000 after acquiring an additional 125 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Pandora Media by 0.9% during the 2nd quarter. Voya Investment Management LLC now owns 87,150 shares of the Internet radio service’s stock valued at $777,000 after acquiring an additional 740 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of Pandora Media by 3.0% during the 2nd quarter. Utah Retirement Systems now owns 41,286 shares of the Internet radio service’s stock valued at $368,000 after acquiring an additional 1,200 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Pandora Media by 6.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,906 shares of the Internet radio service’s stock valued at $169,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Pandora Media by 1.0% during the 2nd quarter. Stephens Inc. AR now owns 151,744 shares of the Internet radio service’s stock valued at $1,354,000 after acquiring an additional 1,496 shares in the last quarter.

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Pandora Media Company Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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