Tuniu (NASDAQ:TOUR) Issues Earnings Results

Tuniu (NASDAQ:TOUR) posted its quarterly earnings results on Tuesday. The technology company reported $0.03 earnings per share for the quarter, Zacks reports. The business had revenue of $20.45 million during the quarter. Tuniu had a net margin of 6.09% and a return on equity of 4.57%.

Here are the key takeaways from Tuniu’s conference call:

• Positive Sentiment: Q2 net revenue increased 3% year over year to RMB 138.9 million, while packaged-tour revenue grew 7% to RMB 121.1 million, driven primarily by organized tours.
• Positive Sentiment: Tuniu achieved its sixth consecutive quarter of non-GAAP profitability, with non-GAAP net income of RMB 2.2 million, and generated RMB 46.9 million in operating cash flow while holding RMB 1 billion in cash and investments.
• Neutral Sentiment: The company expanded small-group, private, customized, self-driving, premium, and hotel-based products, while live-streaming and offline-store transaction volumes each grew at double-digit rates year over year; its network now includes approximately 500 stores.
• Negative Sentiment: Profitability remained pressured as gross profit fell 11% and sales and marketing expenses rose 22%; outbound travel faced weakness in destinations such as the Middle East and Africa, while lower-margin self-guided products grew faster domestically.
• Neutral Sentiment: Tuniu expects Q3 revenue of RMB 202.1 million to RMB 212.2 million, implying year-over-year growth of 0% to 5%, and said it aims to remain profitable despite continued uncertainty in outbound travel.

Tuniu Stock Performance

Shares of Tuniu stock opened at $4.84 on Wednesday. The company has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $5.96. The stock has a market capitalization of $52.85 million, a PE ratio of 7.93 and a beta of 0.42. Tuniu has a 52-week low of $4.53 and a 52-week high of $9.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tuniu stock. Jane Street Group LLC acquired a new stake in shares of Tuniu Corporation (NASDAQ:TOUR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,564 shares of the technology company’s stock, valued at approximately $31,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tuniu in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tuniu presently has an average rating of “Sell”.

Tuniu Company Profile

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.