Brokerages expect TiVo Corp (NASDAQ:TIVO) to announce $167.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TiVo’s earnings, with the highest sales estimate coming in at $169.42 million and the lowest estimate coming in at $165.53 million. TiVo posted sales of $197.90 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.5%. The firm is expected to announce its next earnings report after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that TiVo will report full year sales of $706.84 million for the current financial year, with estimates ranging from $701.62 million to $711.84 million. For the next year, analysts expect that the company will post sales of $706.56 million, with estimates ranging from $696.66 million to $716.45 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover TiVo.

TiVo (NASDAQ:TIVO) last issued its earnings results on Wednesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. TiVo had a negative net margin of 4.75% and a positive return on equity of 3.06%. The firm had revenue of $172.86 million during the quarter, compared to analyst estimates of $178.36 million.

TIVO has been the subject of a number of research reports. B. Riley upped their target price on shares of TiVo from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. ValuEngine lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 25th. JPMorgan Chase & Co. dropped their target price on shares of TiVo from $30.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. BidaskClub upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of TiVo from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.75.

Shares of NASDAQ:TIVO traded up $0.08 during midday trading on Friday, reaching $12.88. 890,329 shares of the company were exchanged, compared to its average volume of 925,995. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.47 and a current ratio of 3.54. TiVo has a one year low of $11.12 and a one year high of $19.48. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 13.14 and a beta of -0.52.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Thursday, September 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, September 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.59%. TiVo’s dividend payout ratio is 73.47%.

A number of institutional investors have recently added to or reduced their stakes in TIVO. Wells Fargo & Company MN raised its stake in TiVo by 6.3% during the first quarter. Wells Fargo & Company MN now owns 571,197 shares of the technology company’s stock valued at $7,739,000 after purchasing an additional 33,721 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in TiVo during the first quarter valued at $204,000. Northern Trust Corp raised its stake in TiVo by 2.9% during the first quarter. Northern Trust Corp now owns 2,432,338 shares of the technology company’s stock valued at $32,957,000 after purchasing an additional 69,364 shares in the last quarter. BlackRock Inc. raised its stake in TiVo by 0.8% during the first quarter. BlackRock Inc. now owns 15,960,628 shares of the technology company’s stock valued at $216,268,000 after purchasing an additional 125,113 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in TiVo by 121.6% during the first quarter. JPMorgan Chase & Co. now owns 1,188,382 shares of the technology company’s stock valued at $16,103,000 after purchasing an additional 652,117 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

TiVo Company Profile

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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