Wall Street analysts expect that Tintri Inc (NASDAQ:TNTR) will post earnings of ($1.97) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tintri’s earnings, with the lowest EPS estimate coming in at ($2.25) and the highest estimate coming in at ($1.82). The business is expected to issue its next quarterly earnings results after the market closes on Thursday, September 7th.
According to Zacks, analysts expect that Tintri will report full year earnings of ($5.67) per share for the current fiscal year, with EPS estimates ranging from ($5.86) to ($5.50). For the next fiscal year, analysts anticipate that the business will report earnings of ($3.45) per share, with EPS estimates ranging from ($3.72) to ($3.24). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Tintri.
Several equities analysts have recently commented on the stock. Bank of America Corporation assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They set a “buy” rating and a $16.00 price objective for the company. Needham & Company LLC assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They set a “buy” rating and a $15.00 price objective for the company. KeyCorp assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They set an “overweight” rating and a $9.00 price objective for the company. William Blair assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They set an “outperform” rating for the company. Finally, Raymond James Financial, Inc. assumed coverage on shares of Tintri in a research note on Tuesday, July 25th. They set an “outperform” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $11.25.
Shares of Tintri (TNTR) traded down 0.33% on Friday, reaching $5.96. The company had a trading volume of 70,540 shares. Tintri has a one year low of $5.63 and a one year high of $7.75. The company’s market capitalization is $184.23 million. The company’s 50-day moving average is $6.94 and its 200-day moving average is $6.94.
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In related news, major shareholder Enterprise Associates 12 New purchased 926,429 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $7.00 per share, with a total value of $6,485,003.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher J. Schaepe purchased 597,858 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $7.00 per share, with a total value of $4,185,006.00. The disclosure for this purchase can be found here.
Institutional investors have recently added to or reduced their stakes in the company. Empyrean Capital Partners LP bought a new position in Tintri during the second quarter worth about $6,180,000. Goldman Sachs Group Inc. bought a new position in Tintri during the second quarter worth about $619,000. UBS Oconnor LLC bought a new position in Tintri during the second quarter worth about $1,454,000. Laurion Capital Management LP bought a new position in Tintri during the second quarter worth about $2,181,000. Finally, JPMorgan Chase & Co. bought a new position in Tintri during the second quarter worth about $4,725,000. 36.90% of the stock is owned by institutional investors.
Tintri Company Profile
Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.
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