TiVo Corporation Plans Quarterly Dividend of $0.18 (TIVO)

TiVo Corporation (NASDAQ:TIVO) declared a quarterly dividend on Thursday, August 3rd, RTT News reports. Investors of record on Thursday, September 7th will be paid a dividend of 0.18 per share by the technology company on Thursday, September 21st. This represents a $0.72 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, September 6th.

Shares of TiVo Corporation (TIVO) traded up 1.37% during midday trading on Friday, hitting $18.45. The stock had a trading volume of 716,729 shares. TiVo Corporation has a one year low of $15.15 and a one year high of $23.40. The stock has a 50 day moving average of $18.80 and a 200-day moving average of $18.54. The company has a market cap of $2.22 billion, a P/E ratio of 101.93 and a beta of 0.16.

TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. During the same quarter in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 66.6% compared to the same quarter last year. Analysts forecast that TiVo Corporation will post $0.43 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. B. Riley set a $31.00 price objective on shares of TiVo Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Cowen and Company reissued an “outperform” rating and set a $30.00 price target on shares of TiVo Corporation in a research report on Thursday, May 4th. Zacks Investment Research raised shares of TiVo Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $18.00 price target on shares of TiVo Corporation in a research report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.17.

TiVo Corporation 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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