TiVo Corp (NASDAQ:TIVO) announced a quarterly dividend on Thursday, February 21st, NASDAQ reports. Stockholders of record on Tuesday, March 12th will be given a dividend of 0.18 per share by the technology company on Tuesday, March 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Monday, March 11th.
TiVo has a dividend payout ratio of 109.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect TiVo to earn $0.51 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 141.2%.
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Shares of NASDAQ TIVO traded down $0.04 during trading hours on Wednesday, reaching $9.75. 2,381 shares of the stock were exchanged, compared to its average volume of 839,963. The firm has a market cap of $1.41 billion, a P/E ratio of 19.54 and a beta of 0.09. The company has a current ratio of 3.55, a quick ratio of 3.49 and a debt-to-equity ratio of 0.55. TiVo has a 52 week low of $8.73 and a 52 week high of $15.32.
TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Tuesday, February 26th. The technology company reported ($2.33) EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($2.61). TiVo had a positive return on equity of 4.65% and a negative net margin of 5.76%. The company had revenue of $168.46 million for the quarter, compared to the consensus estimate of $173.68 million. During the same quarter last year, the business earned $0.47 EPS. TiVo’s revenue was down 21.4% on a year-over-year basis. Analysts forecast that TiVo will post 0.41 EPS for the current year.
Several research analysts have commented on TIVO shares. ValuEngine downgraded TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, November 8th. Zacks Investment Research raised TiVo from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, November 16th. Finally, BidaskClub raised TiVo from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.67.
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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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