Zacks: Brokerages Anticipate TiVo Corp (TIVO) to Post $0.14 Earnings Per Share

Equities analysts predict that TiVo Corp (NASDAQ:TIVO) will post earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TiVo Corp’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.08. TiVo Corp posted earnings per share of $0.24 during the same quarter last year, which suggests a negative year over year growth rate of 41.7%. The business is scheduled to report its next earnings report after the market closes on Wednesday, May 3rd.

On average, analysts expect that TiVo Corp will report full year earnings of $0.99 per share for the current year. For the next year, analysts expect that the business will report earnings of $1.51 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for TiVo Corp.

Several brokerages have issued reports on TIVO. Zacks Investment Research upgraded TiVo Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, February 14th. Piper Jaffray Companies cut their price objective on TiVo Corp from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, March 24th. Finally, B. Riley reiterated a “buy” rating and issued a $31.00 price objective on shares of TiVo Corp in a research report on Wednesday, February 15th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.27.

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TiVo Corp (NASDAQ:TIVO) traded down 0.52% during midday trading on Friday, hitting $19.05. The company had a trading volume of 721,285 shares. TiVo Corp has a one year low of $15.06 and a one year high of $23.40. The company has a market cap of $2.24 billion, a P/E ratio of 54.27 and a beta of 0.84. The company’s 50 day moving average is $18.44 and its 200-day moving average is $19.63.

Several large investors have recently added to or reduced their stakes in TIVO. Parallel Advisors LLC purchased a new stake in TiVo Corp during the fourth quarter valued at approximately $111,000. Tyers Asset Management LLC purchased a new stake in TiVo Corp during the fourth quarter valued at approximately $111,000. Bank of Montreal Can boosted its stake in TiVo Corp by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after buying an additional 3,849 shares during the period. Flinton Capital Management LLC purchased a new stake in TiVo Corp during the fourth quarter valued at approximately $134,000. Finally, James Investment Research Inc. purchased a new stake in TiVo Corp during the first quarter valued at approximately $143,000. 98.99% of the stock is owned by institutional investors.

TiVo Corp Company Profile

TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.

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