Tucows (TCX) Announces Earnings Results

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.

In other news, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $64.09, for a total value of $434,017.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Allen Karp sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $63.31, for a total value of $189,930.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,835 shares of company stock worth $877,867. Corporate insiders own 13.20% of the company’s stock.

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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About Tucows

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.

Earnings History for Tucows (NASDAQ:TCX)

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