Wall Street analysts expect Telenav Inc (NASDAQ:TNAV) to post earnings of ($0.09) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Telenav’s earnings, with estimates ranging from ($0.09) to ($0.08). Telenav posted earnings per share of ($0.06) during the same quarter last year, which indicates a negative year over year growth rate of 50%. The firm is scheduled to issue its next earnings results on Thursday, February 6th.
Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Telenav.
Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.06. The business had revenue of $64.46 million for the quarter, compared to analyst estimates of $62.58 million. Telenav had a negative return on equity of 25.93% and a negative net margin of 13.32%.
Several research analysts have issued reports on the company. Northland Securities reiterated a “hold” rating on shares of Telenav in a report on Thursday, November 21st. ValuEngine upgraded Telenav from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, BidaskClub upgraded Telenav from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.88.
Shares of NASDAQ:TNAV opened at $4.71 on Monday. The business’s 50 day simple moving average is $4.96 and its two-hundred day simple moving average is $6.56. The firm has a market cap of $226.32 million, a P/E ratio of -7.25 and a beta of 0.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.92 and a current ratio of 1.92. Telenav has a 52-week low of $3.71 and a 52-week high of $11.67.
In related news, CEO H.P. Jin acquired 50,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of $4.94 per share, with a total value of $247,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,273,927 shares in the company, valued at approximately $11,233,199.38. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 21.32% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Telenav by 275.2% in the second quarter. Bank of Montreal Can now owns 3,673 shares of the technology company’s stock worth $30,000 after purchasing an additional 2,694 shares during the last quarter. Quantamental Technologies LLC raised its stake in shares of Telenav by 1,452.7% in the second quarter. Quantamental Technologies LLC now owns 4,658 shares of the technology company’s stock worth $37,000 after purchasing an additional 4,358 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Telenav by 42.1% in the second quarter. Royal Bank of Canada now owns 6,562 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,945 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Telenav in the third quarter worth approximately $64,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Telenav by 21.0% in the third quarter. Tower Research Capital LLC TRC now owns 15,727 shares of the technology company’s stock worth $75,000 after purchasing an additional 2,725 shares during the last quarter. 51.27% of the stock is owned by hedge funds and other institutional investors.
Telenav Company Profile
Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.
Featured Article: How is the discount rate different from the Federal Funds rate?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.