Zacks: Analysts Expect Telenav (TNAV) to Post -$0.62 EPS

Brokerages predict that Telenav (NASDAQ:TNAV) will announce ($0.62) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Telenav’s earnings. The highest EPS estimate is ($0.61) and the lowest is ($0.62). Telenav reported earnings of ($0.27) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 129.6%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, May 1st.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Telenav.

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Telenav (NASDAQ:TNAV) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $39.03 million. Telenav had a negative return on equity of 56.00% and a negative net margin of 38.56%. The firm’s revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS.

A number of research analysts have recently issued reports on TNAV shares. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. B. Riley reissued a “buy” rating and issued a $9.50 price objective on shares of Telenav in a research note on Monday, January 29th. Finally, ValuEngine downgraded Telenav from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.88.

In other Telenav news, CEO H.P. Jin acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $5.66 per share, with a total value of $113,200.00. Following the purchase, the chief executive officer now directly owns 1,399,854 shares of the company’s stock, valued at $7,923,173.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.67% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its stake in Telenav by 28.9% during the 3rd quarter. New York State Common Retirement Fund now owns 347,305 shares of the technology company’s stock worth $2,205,000 after buying an additional 77,900 shares during the period. Ariel Investments LLC raised its stake in Telenav by 21.2% during the 4th quarter. Ariel Investments LLC now owns 3,609,773 shares of the technology company’s stock worth $19,854,000 after buying an additional 632,037 shares during the period. SG Americas Securities LLC acquired a new position in Telenav during the 4th quarter worth approximately $139,000. King Luther Capital Management Corp acquired a new position in Telenav during the 4th quarter worth approximately $242,000. Finally, Divisar Capital Management LLC raised its stake in Telenav by 5.0% during the 4th quarter. Divisar Capital Management LLC now owns 3,728,204 shares of the technology company’s stock worth $20,505,000 after buying an additional 178,013 shares during the period. 52.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TNAV opened at $5.20 on Friday. The stock has a market capitalization of $227.21, a PE ratio of -4.77 and a beta of 0.94. Telenav has a 1 year low of $4.50 and a 1 year high of $9.25.

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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 mobile phone-based wireless connectivity and brought-in navigation services.

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Earnings History and Estimates for Telenav (NASDAQ:TNAV)

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