Wall Street analysts expect that Telenav, Inc. (NASDAQ:TNAV) will announce $0.03 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Telenav’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. Telenav posted earnings of $0.15 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 80%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 4th.
Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Telenav.
Telenav (NASDAQ:TNAV) last released its earnings results on Tuesday, November 3rd. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. Telenav had a negative return on equity of 5.57% and a negative net margin of 4.16%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Telenav from a “hold” rating to a “sell” rating in a research report on Tuesday, October 13th. Northland Securities assumed coverage on Telenav in a research report on Thursday, August 13th. They set a “hold” rating for the company. B. Riley upgraded Telenav from a “neutral” rating to a “buy” rating and increased their price objective for the company from $5.00 to $8.00 in a research report on Thursday, August 13th. TheStreet upgraded Telenav from a “d+” rating to a “c-” rating in a research report on Friday, August 14th. Finally, ValuEngine lowered Telenav from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.63.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of Telenav by 8.1% in the third quarter. California Public Employees Retirement System now owns 81,035 shares of the technology company’s stock valued at $292,000 after purchasing an additional 6,083 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Telenav by 1.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 335,419 shares of the technology company’s stock worth $1,208,000 after acquiring an additional 3,429 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Telenav by 657.3% in the third quarter. BNP Paribas Arbitrage SA now owns 8,338 shares of the technology company’s stock worth $30,000 after acquiring an additional 7,237 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Telenav in the third quarter worth $74,000. Finally, Diversified Trust Co increased its stake in shares of Telenav by 50.2% in the third quarter. Diversified Trust Co now owns 17,203 shares of the technology company’s stock worth $62,000 after acquiring an additional 5,750 shares during the last quarter. Institutional investors own 52.82% of the company’s stock.
Shares of NASDAQ:TNAV opened at $4.73 on Friday. Telenav has a one year low of $3.45 and a one year high of $6.50. The stock has a fifty day moving average of $4.03 and a 200-day moving average of $4.80. The company has a market capitalization of $224.78 million, a PE ratio of -21.50 and a beta of 0.31.
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 Automotive and Mobile Navigation segments. 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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