Telenav Inc (NASDAQ:TNAV) Expected to Post Earnings of -$0.01 Per Share

Equities research analysts expect Telenav Inc (NASDAQ:TNAV) to report earnings of ($0.01) per share for the current quarter, Zacks reports. Two analysts have provided estimates for Telenav’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.01). Telenav also posted earnings per share of ($0.01) during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Thursday, November 5th.

Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Telenav.

Telenav (NASDAQ:TNAV) last posted its earnings results on Wednesday, August 12th. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The firm had revenue of $35.35 million for the quarter, compared to the consensus estimate of $48.65 million. Telenav had a negative net margin of 4.16% and a negative return on equity of 5.57%.

A number of research analysts have recently commented on the company. B. Riley upgraded Telenav from a “neutral” rating to a “buy” rating and increased their target price for the company from $5.00 to $8.00 in a research report on Thursday, August 13th. Northland Securities began coverage on Telenav in a research report on Thursday, August 13th. They set a “hold” rating for the company. TheStreet upgraded Telenav from a “d+” rating to a “c-” rating in a report on Friday, August 14th. Zacks Investment Research lowered Telenav from a “hold” rating to a “sell” rating in a report on Tuesday, October 13th. Finally, ValuEngine lowered Telenav from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.63.

A number of large investors have recently added to or reduced their stakes in TNAV. AQR Capital Management LLC raised its holdings in Telenav by 426.3% during the 2nd quarter. AQR Capital Management LLC now owns 325,773 shares of the technology company’s stock valued at $1,788,000 after buying an additional 263,871 shares during the period. State Street Corp boosted its holdings in Telenav by 21.0% in the first quarter. State Street Corp now owns 982,467 shares of the technology company’s stock worth $4,244,000 after acquiring an additional 170,616 shares in the last quarter. Tenzing Global Management LLC acquired a new stake in Telenav in the first quarter worth about $718,000. Bessemer Group Inc. acquired a new stake in shares of Telenav during the second quarter worth about $772,000. Finally, Alpha Windward LLC acquired a new stake in shares of Telenav during the second quarter worth about $417,000. Institutional investors own 52.82% of the company’s stock.

NASDAQ TNAV opened at $4.13 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $194.44 million, a P/E ratio of -18.77 and a beta of 0.18. Telenav has a one year low of $3.45 and a one year high of $6.50. The stock has a 50 day moving average price of $4.12 and a 200-day moving average price of $4.84.

About Telenav

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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