Analysts Anticipate Telenav Inc (NASDAQ:TNAV) to Announce -$0.11 EPS

Equities research analysts expect Telenav Inc (NASDAQ:TNAV) to announce earnings of ($0.11) per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Telenav’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.10). Telenav posted earnings per share of ($0.14) in the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The business is expected to announce its next quarterly earnings report on Thursday, November 14th.

Zacks’ earnings per share averages are an average based on a survey of research firms that follow Telenav.

Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $53.07 million for the quarter, compared to analysts’ expectations of $51.02 million. Telenav had a negative net margin of 14.88% and a negative return on equity of 30.76%.

A number of equities analysts have recently weighed in on TNAV shares. B. Riley reissued a “buy” rating on shares of Telenav in a research report on Wednesday, July 31st. Zacks Investment Research raised shares of Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, June 26th. ValuEngine cut shares of Telenav from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Northland Securities reissued a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Friday, May 10th. Finally, BidaskClub cut shares of Telenav from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.38.

Shares of NASDAQ TNAV traded up $0.13 during midday trading on Wednesday, reaching $10.09. 1,410,400 shares of the stock were exchanged, compared to its average volume of 247,882. The business’s 50-day moving average is $8.68. The stock has a market capitalization of $415.35 million, a P/E ratio of -15.52 and a beta of 0.71. Telenav has a 12 month low of $3.35 and a 12 month high of $10.10.

In related news, insider Hassan Wahla sold 110,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $8.00, for a total value of $880,000.00. Following the sale, the insider now directly owns 153,179 shares of the company’s stock, valued at approximately $1,225,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Salman Dhanani sold 100,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $7.18, for a total transaction of $718,000.00. Following the completion of the sale, the insider now directly owns 481,683 shares in the company, valued at $3,458,483.94. The disclosure for this sale can be found here. Insiders sold a total of 332,180 shares of company stock worth $2,552,775 over the last ninety days. 24.82% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TNAV. BlackRock Inc. increased its stake in Telenav by 3.2% in the 4th quarter. BlackRock Inc. now owns 1,742,870 shares of the technology company’s stock valued at $7,076,000 after buying an additional 54,720 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Telenav by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,187,880 shares of the technology company’s stock valued at $4,823,000 after buying an additional 20,195 shares during the last quarter. Wasatch Advisors Inc. increased its stake in Telenav by 68.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 578,138 shares of the technology company’s stock valued at $4,625,000 after buying an additional 233,945 shares during the last quarter. Geode Capital Management LLC increased its stake in Telenav by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 318,613 shares of the technology company’s stock valued at $1,293,000 after buying an additional 13,498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Telenav by 332.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 310,476 shares of the technology company’s stock valued at $2,484,000 after buying an additional 238,667 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.

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.

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