Telenav Inc (TNAV) Expected to Announce Quarterly Sales of $13.52 Million

Equities research analysts expect Telenav Inc (NASDAQ:TNAV) to post sales of $13.52 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Telenav’s earnings, with estimates ranging from $13.45 million to $13.60 million. Telenav reported sales of $35.07 million during the same quarter last year, which indicates a negative year over year growth rate of 61.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that Telenav will report full year sales of $13.52 million for the current year, with estimates ranging from $103.26 million to $103.40 million. For the next financial year, analysts expect that the firm will report sales of $227.18 million per share, with estimates ranging from $185.00 million to $269.37 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Telenav.

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Telenav (NASDAQ:TNAV) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.02. Telenav had a negative return on equity of 56.00% and a negative net margin of 38.56%. The firm had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $39.03 million. During the same period in the previous year, the firm earned ($0.26) EPS. The business’s quarterly revenue was down 24.8% on a year-over-year basis.



A number of research analysts recently commented on the company. Craig Hallum set a $9.00 price target on Telenav and gave the stock a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a report on Friday, January 5th. B. Riley reissued a “buy” rating and issued a $9.50 price target on shares of Telenav in a report on Monday, January 29th. Finally, ValuEngine cut Telenav from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.88.

In other Telenav news, CEO H.P. Jin purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $5.66 per share, with a total value of $113,200.00. Following the acquisition, the chief executive officer now owns 1,399,854 shares in the company, valued at $7,923,173.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.67% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Divisar Capital Management LLC increased its stake in Telenav by 5.0% in the 4th quarter. Divisar Capital Management LLC now owns 3,728,204 shares of the technology company’s stock worth $20,505,000 after acquiring an additional 178,013 shares during the last quarter. Ariel Investments LLC increased its stake in Telenav by 21.2% in the 4th quarter. Ariel Investments LLC now owns 3,609,773 shares of the technology company’s stock worth $19,854,000 after acquiring an additional 632,037 shares during the last quarter. BlackRock Inc. increased its stake in Telenav by 0.7% in the 4th quarter. BlackRock Inc. now owns 1,626,681 shares of the technology company’s stock worth $8,947,000 after acquiring an additional 10,831 shares during the last quarter. B. Riley Financial Inc. increased its stake in Telenav by 8.5% in the 4th quarter. B. Riley Financial Inc. now owns 943,716 shares of the technology company’s stock worth $5,190,000 after acquiring an additional 74,056 shares during the last quarter. Finally, State Street Corp increased its stake in Telenav by 9.5% in the 2nd quarter. State Street Corp now owns 527,424 shares of the technology company’s stock worth $4,273,000 after acquiring an additional 45,895 shares during the last quarter. 52.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of TNAV stock traded up $0.05 during trading hours on Friday, reaching $5.15. 14,629 shares of the company traded hands, compared to its average volume of 80,349. Telenav has a 12-month low of $4.50 and a 12-month high of $9.25. The stock has a market cap of $227.21, a P/E ratio of -4.68 and a beta of 0.94.

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About Telenav

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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Earnings History and Estimates for Telenav (NASDAQ:TNAV)

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