Zacks: Brokerages Anticipate Telenav Inc (NASDAQ:TNAV) to Post -$0.08 Earnings Per Share

Wall Street analysts expect Telenav Inc (NASDAQ:TNAV) to report earnings per share of ($0.08) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Telenav’s earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.10). Telenav reported earnings of ($0.13) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 38.5%. The business is expected to announce its next earnings results on Thursday, May 14th.

Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Telenav.

Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.23. The business had revenue of $67.35 million for the quarter, compared to the consensus estimate of $56.26 million. Telenav had a negative return on equity of 14.42% and a negative net margin of 8.21%.

TNAV has been the topic of a number of research analyst reports. Northland Securities reaffirmed a “hold” rating on shares of Telenav in a report on Thursday, November 21st. ValuEngine downgraded Telenav from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised Telenav from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Zacks Investment Research raised Telenav from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Saturday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $7.19.

In other Telenav news, CEO H.P. Jin bought 50,000 shares of Telenav stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $4.90 per share, with a total value of $245,000.00. Following the acquisition, the chief executive officer now owns 2,273,927 shares in the company, valued at approximately $11,142,242.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 21.32% of the company’s stock.

Several hedge funds have recently modified their holdings of TNAV. Royal Bank of Canada raised its holdings in Telenav by 42.1% during the 2nd quarter. Royal Bank of Canada now owns 6,562 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,945 shares during the period. California State Teachers Retirement System boosted its position in Telenav by 4.0% during the third quarter. California State Teachers Retirement System now owns 50,678 shares of the technology company’s stock valued at $242,000 after buying an additional 1,958 shares during the period. Rhumbline Advisers boosted its position in Telenav by 6.0% during the third quarter. Rhumbline Advisers now owns 44,338 shares of the technology company’s stock valued at $212,000 after buying an additional 2,503 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Telenav by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 455,138 shares of the technology company’s stock valued at $2,212,000 after buying an additional 2,569 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Telenav by 21.0% during the third quarter. Tower Research Capital LLC TRC now owns 15,727 shares of the technology company’s stock valued at $75,000 after buying an additional 2,725 shares during the period. 51.31% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TNAV traded up $1.29 during trading hours on Wednesday, reaching $6.03. 6,213,700 shares of the company were exchanged, compared to its average volume of 571,648. The company has a market capitalization of $292.85 million, a P/E ratio of -13.70 and a beta of 0.41. Telenav has a 1-year low of $3.71 and a 1-year high of $11.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day moving average of $4.85 and a 200 day moving average of $6.09.

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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