$20.80 Million in Sales Expected for Tintri (TNTR) This Quarter

Analysts expect Tintri (NASDAQ:TNTR) to announce sales of $20.80 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Tintri’s earnings. The lowest sales estimate is $20.50 million and the highest is $21.40 million. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Tintri will report full-year sales of $20.80 million for the current fiscal year, with estimates ranging from $98.20 million to $107.24 million. For the next fiscal year, analysts anticipate that the business will post sales of $116.27 million per share, with estimates ranging from $111.90 million to $124.68 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Tintri.

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Tintri (NASDAQ:TNTR) last announced its quarterly earnings results on Monday, March 5th. The company reported ($1.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.23) by $0.06. The firm had revenue of $28.90 million during the quarter, compared to the consensus estimate of $26.27 million.

Separately, Zacks Investment Research lowered Tintri from a “buy” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.04.

In related news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $5.54, for a total value of $3,575,698.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors and hedge funds have recently bought and sold shares of TNTR. Schwab Charles Investment Management Inc. acquired a new position in shares of Tintri during the fourth quarter worth approximately $102,000. BlackRock Inc. lifted its holdings in shares of Tintri by 9.3% during the fourth quarter. BlackRock Inc. now owns 458,561 shares of the company’s stock worth $2,338,000 after buying an additional 38,995 shares during the last quarter. Ferris Capital LLC acquired a new position in shares of Tintri during the fourth quarter worth approximately $157,000. Citadel Advisors LLC acquired a new position in shares of Tintri during the fourth quarter worth approximately $150,000. Finally, King Luther Capital Management Corp acquired a new position in shares of Tintri during the fourth quarter worth approximately $383,000. Hedge funds and other institutional investors own 58.24% of the company’s stock.

Shares of NASDAQ TNTR opened at $2.10 on Monday. The company has a market capitalization of $65.78 and a P/E ratio of -0.39. Tintri has a 52 week low of $1.60 and a 52 week high of $7.75. The company has a debt-to-equity ratio of -0.73, a current ratio of 1.04 and a quick ratio of 0.96.

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About Tintri

Tintri, Inc provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services.

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