Tucows (NASDAQ:TCX) (TSE:TC) posted its quarterly earnings data on Wednesday. The information services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.25), Morningstar.com reports. The company had revenue of $90.60 million for the quarter, compared to analyst estimates of $90.80 million. Tucows had a return on equity of 35.17% and a net margin of 4.85%. Tucows’s quarterly revenue was up 85.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS.
Tucows (NASDAQ:TCX) traded up $3.40 during midday trading on Wednesday, reaching $57.25. The company’s stock had a trading volume of 188,600 shares, compared to its average volume of 161,217. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.30. The firm has a market cap of $544.48, a P/E ratio of 39.59 and a beta of 0.69. Tucows has a 12-month low of $44.15 and a 12-month high of $71.75.
Several analysts have issued reports on TCX shares. Zacks Investment Research downgraded Tucows from a “hold” rating to a “sell” rating in a report on Saturday, November 18th. BidaskClub upgraded Tucows from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th.
Several institutional investors and hedge funds have recently modified their holdings of TCX. Royal Bank of Canada increased its holdings in Tucows by 8.2% in the second quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock worth $191,000 after buying an additional 271 shares during the last quarter. Advisor Group Inc. increased its holdings in Tucows by 59.9% in the third quarter. Advisor Group Inc. now owns 2,783 shares of the information services provider’s stock worth $163,000 after buying an additional 1,043 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tucows by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 27,185 shares of the information services provider’s stock worth $1,904,000 after buying an additional 1,509 shares during the last quarter. TD Asset Management Inc. increased its holdings in Tucows by 41.1% in the third quarter. TD Asset Management Inc. now owns 7,899 shares of the information services provider’s stock worth $462,000 after buying an additional 2,300 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Tucows in the second quarter worth approximately $129,000. Institutional investors own 54.31% of the company’s stock.
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Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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