TiVo Corporation Company Profile (NASDAQ:TIVO)

TiVo Corporation trades on the NASDAQ under the ticker symbol "TIVO."

TiVo Corporation announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.18 per share on Thursday, September 21st. This represents a $0.72 annualized dividend and a yield of 3.98%. The ex-dividend date is Wednesday, September 6th. View TiVo Corporation's Dividend History.

TiVo Corporation announced that its Board of Directors has approved a share repurchase plan on Wednesday, April 12th 2017, which permits the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

TiVo Corporation (NASDAQ:TIVO) released its quarterly earnings data on Thursday, August, 3rd. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.10 by $0.20. The company had revenue of $208.60 million for the quarter, compared to analysts' expectations of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm's revenue was up 66.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. View TiVo Corporation's Earnings History.

TiVo Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for TiVo Corporation.

6 brokerages have issued 1 year price targets for TiVo Corporation's stock. Their forecasts range from $18.00 to $34.00. On average, they expect TiVo Corporation's share price to reach $27.60 in the next twelve months. View Analyst Ratings for TiVo Corporation.

Here are some recent quotes from research analysts about TiVo Corporation stock:

• 1. According to Zacks Investment Research, "TiVo reported strong first-quarter 2017 results wherein its top and bottom line both came well ahead of the respective Zacks Consensus Estimate. Moreover, we are encouraged by the company’s robust top-line growth, which was mainly driven by the merger, new licensing agreements, as well as the introduction of innovative products. The merger of TiVo and Rovi has brought together two leading players in the media entertainment industry with complementary products and services and a number of patented technologies. The new TiVo is now the global leader in entertainment technology and audience insights. Apart from this, the combined company has over 6,000 issued and pending patents, which offer it a competitive advantage over other media and tech giants. Going ahead, the company’s sustained focus on entering into new licensing agreements coupled with new customer wins, product launches and international expansion will drive top-line growth." (7/4/2017)
• 2. Piper Jaffray Companies analysts commented, "We hosted meetings with TiVo management and came away optimistic regarding several revenue opportunities (potential for Comcast renewal, up-sell from Rovi legacy guides, international guide patent licensing, and further leveraging of the TiVo patent portfolio). That said, we are lowering our '18 estimates to reflect the roll-off of TiVo time-warp patent revenue. A renewal with Comcast remains the focus and TiVo has a pending lawsuit with Comcast related to the renewal. We believe discussions with Comcast are at an economic level (vs. patent validity). With DISH, AT&T and others signed, we have a high degree of confidence in TiVo successfully renewing with Comcast, but do not have it built into our estimates until early '18. Additionally, we see a multi-year incremental revenue opportunity in the up-sell of service providers from legacy Rovi guides to higher ASP TiVo guides. Maintain OW, slightly lowering PT to $25 ($27 prior)." (3/24/2017)
• 3. B. Riley analysts commented, "TiVo Corporation (TIVO) reported Q4 results that came in well ahead of expectations and represented the first full quarter following the Rovi/TiVo merger. Although the Q4 upside benefited from Samsung catch-up payments and the inclusion of legacy TiVo hardware revenues, we came away from the results and initial 2017 outlook with a more optimistic stance on the improved post-merger cost structure, strong license pipeline heading into 2017 as well as the belief that the initial bar for 2017 guidance would be set low to allow for a return to a trend of quarterly beat-and-raises (something anticipated in our preview). With TIVO increasing the share repurchase authorization by $100MM and initiating an annual dividend of $0.72/share, we believe our expectation for an underappreciated post-merger FCF ramp is playing out in an attractive manner for shareholders. While we are reducing our 2017/2018 EBITDA estimates slightly, we are reiterating our Buy rating and unchanged price target of $31.00 (based on our pro forma EBITDA scenario into 2018." (2/15/2017)

Some companies that are related to TiVo Corporation include Sinclair Broadcast Group (SBGI), Liberty Media Corporation (BATRK), Gray Television (GTN), Central European Media Enterprises (CETV), Phoenix New Media Limited (FENG), Global Eagle Entertainment (ENT), Comcast (CMCSK), Directv (DTV), Starz Acquisition LLC (STRZA) and Starz Acquisition LLC (LCAPA).

TiVo Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.37%), Vanguard Group Inc. (9.27%), Ameriprise Financial Inc. (7.46%), Dimensional Fund Advisors LP (6.29%), FMR LLC (3.82%) and Frontier Capital Management Co. LLC (3.49%). Company insiders that own TiVo Corporation stock include Charles Phillips, Daniel M Moloney, Dustin Finer, Glenn W Welling, Matthew Zinn, Nathaniel Steven Lucas, Naveen K Chopra, Pamela A Sergeeff, Pavel Kovar, Peter Halt, Thomas S Rogers, Tom Carson and William Cella. View Institutional Ownership Trends for TiVo Corporation.

TiVo Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Frontier Capital Management Co. LLC, BlackRock Inc., Thompson Siegel & Walmsley LLC, Neuberger Berman Group LLC, Heartland Advisors Inc., Pinebridge Investments L.P. and JPMorgan Chase & Co.. Company insiders that have sold TiVo Corporation stock in the last year include Daniel M Moloney, Dustin Finer, Matthew Zinn, Naveen K Chopra, Pamela A Sergeeff, Peter Halt and Tom Carson. View Insider Buying and Selling for TiVo Corporation.

TiVo Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Denver Investment Advisors LLC, Teachers Advisors LLC, Ameriprise Financial Inc., TIAA CREF Investment Management LLC, Northern Trust Corp, Vanguard Group Inc., State Street Corp and Smith Graham & Co. Investment Advisors LP. Company insiders that have bought TiVo Corporation stock in the last two years include Glenn W Welling, Nathaniel Steven Lucas and Tom Carson. View Insider Buying and Selling for TiVo Corporation.

Shares of TiVo Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TiVo Corporation stock can currently be purchased for approximately $18.10.