Telenav (TNAV) Announces Earnings Results, Beats Expectations By $0.14 EPS

Share on StockTwits

Telenav (NASDAQ:TNAV) posted its earnings results on Thursday. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.14, Fidelity Earnings reports. Telenav had a negative return on equity of 129.39% and a negative net margin of 83.93%. The business had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $51.74 million. Telenav updated its Q2 2019 guidance to EPS.

Shares of TNAV traded down $0.20 during mid-day trading on Friday, hitting $4.14. 118,996 shares of the company’s stock were exchanged, compared to its average volume of 72,805. The stock has a market capitalization of $199.54 million, a P/E ratio of -2.12 and a beta of 0.79. Telenav has a 52 week low of $4.08 and a 52 week high of $6.60.

A number of analysts recently issued reports on TNAV shares. B. Riley reissued a “buy” rating on shares of Telenav in a research note on Monday, July 23rd. BidaskClub raised shares of Telenav from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Telenav from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $8.33.

Several institutional investors and hedge funds have recently modified their holdings of TNAV. Wasatch Advisors Inc. bought a new position in shares of Telenav during the 3rd quarter worth approximately $2,706,000. Divisar Capital Management LLC grew its stake in shares of Telenav by 2.0% during the 2nd quarter. Divisar Capital Management LLC now owns 3,909,155 shares of the technology company’s stock worth $21,891,000 after acquiring an additional 78,021 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Telenav during the 2nd quarter worth approximately $415,000. BlackRock Inc. grew its stake in shares of Telenav by 4.5% during the 2nd quarter. BlackRock Inc. now owns 1,665,808 shares of the technology company’s stock worth $9,328,000 after acquiring an additional 71,558 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Telenav by 5.7% during the 2nd quarter. Northern Trust Corp now owns 349,901 shares of the technology company’s stock worth $1,960,000 after acquiring an additional 18,858 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Telenav (TNAV) Announces Earnings Results, Beats Expectations By $0.14 EPS” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/3928878/telenav-tnav-announces-earnings-results-beats-expectations-by-0-14-eps.html.

About Telenav

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 Story: How is the discount rate different from the Federal Funds rate?

Earnings History for Telenav (NASDAQ:TNAV)

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.

Latest News

Tygh Capital Management Inc. Sells 31,785 Shares of Tabula Rasa HealthCare Inc
Tygh Capital Management Inc. Sells 31,785 Shares of Tabula Rasa HealthCare Inc
Tygh Capital Management Inc. Has $5.45 Million Position in Valmont Industries, Inc.
Tygh Capital Management Inc. Has $5.45 Million Position in Valmont Industries, Inc.
Tygh Capital Management Inc. Has $4.61 Million Holdings in Liberty Expedia Holdings Inc Series A
Tygh Capital Management Inc. Has $4.61 Million Holdings in Liberty Expedia Holdings Inc Series A
Wade G W & Inc. Has $178,000 Position in Ford Motor
Wade G W & Inc. Has $178,000 Position in Ford Motor
Jounce Therapeutics  Stock Rating Lowered by JPMorgan Chase & Co.
Jounce Therapeutics Stock Rating Lowered by JPMorgan Chase & Co.
Staffing 360 Solutions  Posts Quarterly  Earnings Results, Misses Expectations By $0.37 EPS
Staffing 360 Solutions Posts Quarterly Earnings Results, Misses Expectations By $0.37 EPS


Leave a Reply

© 2006-2018 Ticker Report