Tucows (TCX) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Tucows (NASDAQ:TCX) (TSE:TC) released its quarterly earnings data on Wednesday. The information services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.19, Briefing.com reports. The firm had revenue of $83.52 million for the quarter, compared to the consensus estimate of $79.00 million. Tucows had a return on equity of 26.59% and a net margin of 6.24%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share.

Shares of NASDAQ TCX traded down $2.27 during trading hours on Friday, hitting $56.50. The company’s stock had a trading volume of 196,800 shares, compared to its average volume of 88,297. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.82 and a quick ratio of 0.80. The stock has a market capitalization of $533.34 million, a PE ratio of 33.74 and a beta of 0.88. Tucows has a 12 month low of $49.69 and a 12 month high of $71.75.

In related news, CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $54.63, for a total value of $81,945.00. Following the sale, the chief executive officer now directly owns 556,760 shares of the company’s stock, valued at $30,415,798.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David John Woroch sold 5,500 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $55.58, for a total value of $305,690.00. Following the completion of the sale, the executive vice president now directly owns 64,351 shares in the company, valued at $3,576,628.58. The disclosure for this sale can be found here. Insiders sold 9,500 shares of company stock worth $526,435 over the last three months. 11.80% of the stock is owned by insiders.

A hedge fund recently raised its stake in Tucows stock. Bank of New York Mellon Corp raised its position in shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,552 shares of the information services provider’s stock after acquiring an additional 2,102 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.26% of Tucows worth $1,671,000 at the end of the most recent quarter. Institutional investors own 55.83% of the company’s stock.

Separately, BidaskClub downgraded Tucows from a “hold” rating to a “sell” rating in a report on Thursday, July 12th.

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About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services, and Internet hosting and network consulting services.

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Earnings History for Tucows (NASDAQ:TCX)

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