TiVo (TIVO) Earning Somewhat Positive News Coverage, Accern Reports
News articles about TiVo (NASDAQ:TIVO) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TiVo earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.4041810085598 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Enrique Rodriguez Acquires 55,974 Shares of TiVo Corp (TIVO) Stock (americanbankingnews.com)
- TiVo Corp to Post Q3 2018 Earnings of $0.23 Per Share, B. Riley Forecasts (TIVO) (americanbankingnews.com)
- Form 4 TiVo Corp For: Nov 30 Filed by: FINER DUSTIN – StreetInsider.com (streetinsider.com)
- TiVo (TIVO) PT Lowered to $24.00 at B. Riley (americanbankingnews.com)
- Returning New Tivo – Entirely Because of Hydra (tivocommunity.com)
Several analysts recently issued reports on TIVO shares. ValuEngine downgraded TiVo from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen restated a “buy” rating and issued a $30.00 price target on shares of TiVo in a research note on Friday, September 8th. Jefferies Group restated a “buy” rating and issued a $18.00 price target on shares of TiVo in a research note on Thursday, September 21st. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of TiVo in a research note on Monday, October 9th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price target on shares of TiVo in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $24.25.
Shares of TiVo (NASDAQ TIVO) opened at $16.05 on Wednesday. The firm has a market capitalization of $1,980.00, a price-to-earnings ratio of 23.92, a PEG ratio of 1.42 and a beta of 0.11. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. TiVo has a 1 year low of $15.15 and a 1 year high of $21.90.
TiVo (NASDAQ:TIVO) last released its earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The business’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. sell-side analysts anticipate that TiVo will post 1.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.49%. TiVo’s payout ratio is -184.62%.
In other news, insider Dustin Finer sold 11,881 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $237,620.00. Following the completion of the sale, the insider now directly owns 41,524 shares in the company, valued at approximately $830,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Enrique Rodriguez bought 55,974 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $17.86 per share, with a total value of $999,695.64. The disclosure for this purchase can be found here. Corporate insiders own 3.57% of the company’s stock.
TiVo 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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