Equities research analysts expect that Telenav Inc (NASDAQ:TNAV) will announce $15.58 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Telenav’s earnings, with estimates ranging from $15.35 million to $15.80 million. Telenav posted sales of $40.29 million during the same quarter last year, which suggests a negative year-over-year growth rate of 61.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Telenav will report full-year sales of $105.16 million for the current financial year, with estimates ranging from $104.92 million to $105.40 million. For the next fiscal year, analysts expect that the business will report sales of $197.50 million per share, with estimates ranging from $184.90 million to $210.11 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Telenav.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported ($0.58) EPS for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.02. Telenav had a negative return on equity of 83.65% and a negative net margin of 58.01%. The firm had revenue of $13.82 million for the quarter, compared to analyst estimates of $13.52 million.
A number of research analysts have commented on TNAV shares. ValuEngine lowered Telenav from a “sell” rating to a “strong sell” rating in a report on Friday, March 23rd. BidaskClub raised Telenav from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $11.17.
NASDAQ TNAV traded down $0.05 on Monday, reaching $5.45. The stock had a trading volume of 19,086 shares, compared to its average volume of 129,076. Telenav has a 1-year low of $4.50 and a 1-year high of $8.55. The firm has a market cap of $246.10 million, a price-to-earnings ratio of -5.00 and a beta of 1.02.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Divisar Capital Management LLC grew its holdings in shares of Telenav by 5.0% during the 4th quarter. Divisar Capital Management LLC now owns 3,728,204 shares of the technology company’s stock worth $20,505,000 after purchasing an additional 178,013 shares in the last quarter. Ariel Investments LLC grew its holdings in shares of Telenav by 21.2% during the 4th quarter. Ariel Investments LLC now owns 3,609,773 shares of the technology company’s stock worth $19,854,000 after purchasing an additional 632,037 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Telenav by 0.7% during the 4th quarter. BlackRock Inc. now owns 1,626,681 shares of the technology company’s stock worth $8,947,000 after purchasing an additional 10,831 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Telenav by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,285,015 shares of the technology company’s stock worth $6,939,000 after purchasing an additional 17,675 shares in the last quarter. Finally, B. Riley Financial Inc. grew its holdings in shares of Telenav by 20.4% during the 1st quarter. B. Riley Financial Inc. now owns 1,136,680 shares of the technology company’s stock worth $6,139,000 after purchasing an additional 192,964 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.
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 mobile phone-based wireless connectivity and brought-in navigation services.
Get a free copy of the Zacks research report on Telenav (TNAV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.