Telenav, Inc. (TNAV) Scheduled to Post Quarterly Earnings on Monday
Telenav, Inc. (NASDAQ:TNAV) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter.
Telenav (NASDAQ:TNAV) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.02. The business had revenue of $40.29 million for the quarter, compared to analyst estimates of $39.87 million. Telenav had a negative return on equity of 32.05% and a negative net margin of 27.87%. The firm’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) EPS. On average, analysts expect Telenav to post $-1.15 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Telenav, Inc. (NASDAQ:TNAV) traded down 0.397% on Monday, hitting $6.275. The company had a trading volume of 1,850 shares. The stock’s market capitalization is $275.76 million. The stock has a 50 day moving average of $6.46 and a 200-day moving average of $7.59. Telenav, Inc. has a one year low of $4.80 and a one year high of $10.15.
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A number of brokerages recently commented on TNAV. B. Riley reiterated a “buy” rating and set a $11.00 price target on shares of Telenav in a report on Thursday, August 10th. ValuEngine lowered Telenav from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BidaskClub lowered Telenav from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Northland Securities set a $15.00 price target on Telenav and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.75.
TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
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