Telenav (NASDAQ:TNAV) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.37)-(0.35) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.37). The company issued revenue guidance of $38-40 million, compared to the consensus revenue estimate of $39.03 million.
Shares of Telenav (NASDAQ TNAV) remained flat at $$5.60 during mid-day trading on Friday. The company had a trading volume of 47,249 shares, compared to its average volume of 138,037. Telenav has a 52 week low of $4.50 and a 52 week high of $10.15. The company has a market cap of $248.15, a PE ratio of -4.52 and a beta of 0.87.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.06). The business had revenue of $36.66 million for the quarter, compared to analysts’ expectations of $36.84 million. Telenav had a negative return on equity of 41.16% and a negative net margin of 32.94%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. equities analysts expect that Telenav will post -1.4 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on TNAV shares. B. Riley restated a buy rating and set a $11.00 target price on shares of Telenav in a research note on Monday, October 30th. Zacks Investment Research downgraded shares of Telenav from a hold rating to a sell rating in a report on Thursday, November 9th. Finally, Craig Hallum set a $9.00 price target on shares of Telenav and gave the company a buy rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $11.25.
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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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