Equities analysts expect Pandora Media Inc (NYSE:P) to report earnings of ($0.15) per share for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Pandora Media’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.09). Pandora Media posted earnings per share of ($0.21) during the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The company is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Pandora Media will report full-year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.81) to ($0.25). For the next year, analysts expect that the business will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.52) to $0.22. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Pandora Media.
Pandora Media (NYSE:P) last announced its quarterly earnings data on Thursday, May 3rd. The Internet radio service reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.11. Pandora Media had a negative net margin of 37.21% and a negative return on equity of 198.06%. The business had revenue of $319.20 million during the quarter, compared to analysts’ expectations of $304.43 million. During the same period in the previous year, the business posted ($0.24) EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year.
Several research firms recently issued reports on P. Vetr cut shares of Pandora Media from a “buy” rating to a “hold” rating and set a $5.06 target price for the company. in a research note on Wednesday, February 14th. Wedbush set a $12.00 target price on shares of Pandora Media and gave the company a “buy” rating in a research note on Friday, February 16th. B. Riley decreased their target price on shares of Pandora Media from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Aegis reiterated a “buy” rating and issued a $7.00 target price (down from $12.00) on shares of Pandora Media in a research note on Thursday, February 22nd. Finally, Bank of America decreased their target price on shares of Pandora Media from $7.00 to $5.60 and set an “underperform” rating for the company in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Pandora Media presently has a consensus rating of “Hold” and a consensus price target of $8.54.
Pandora Media traded down $0.19, hitting $7.62, on Thursday, according to Marketbeat.com. 9,660,753 shares of the company’s stock traded hands, compared to its average volume of 10,006,576. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 6.15. Pandora Media has a 1-year low of $4.09 and a 1-year high of $9.98. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -6.15 and a beta of -0.57.
In other Pandora Media news, General Counsel Stephen G. Bene sold 6,574 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $7.40, for a total transaction of $48,647.60. Following the completion of the transaction, the general counsel now owns 604,241 shares of the company’s stock, valued at $4,471,383.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Karen Sammis Walker sold 11,663 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $7.40, for a total transaction of $86,306.20. Following the transaction, the chief accounting officer now directly owns 159,804 shares of the company’s stock, valued at approximately $1,182,549.60. The disclosure for this sale can be found here. Insiders have sold 98,810 shares of company stock valued at $731,164 in the last ninety days. Insiders own 2.59% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Pandora Media during the fourth quarter worth about $106,000. EastBay Asset Management LLC purchased a new position in Pandora Media during the fourth quarter worth about $29,127,000. California State Teachers Retirement System boosted its stake in Pandora Media by 5.3% during the fourth quarter. California State Teachers Retirement System now owns 383,063 shares of the Internet radio service’s stock worth $1,846,000 after buying an additional 19,270 shares during the period. Price Michael F boosted its stake in Pandora Media by 67.5% during the fourth quarter. Price Michael F now owns 335,000 shares of the Internet radio service’s stock worth $1,615,000 after buying an additional 135,000 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Pandora Media by 83.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,256,191 shares of the Internet radio service’s stock worth $6,055,000 after buying an additional 571,500 shares during the period.
Pandora Media Company Profile
Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.
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