Tuniu Corp. (TOUR) Announces Quarterly Earnings Results
Tuniu Corp. (NASDAQ:TOUR) announced its quarterly earnings data on Wednesday. The company reported ($4.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by $3.46. Tuniu Corp. had a negative return on equity of 46.28% and a negative net margin of 24.53%. The company had revenue of $607 million for the quarter, compared to analyst estimates of $574.86 million. During the same period last year, the firm earned ($1.51) earnings per share. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis.
Tuniu Corp. (NASDAQ:TOUR) opened at 9.08 on Thursday. The firm’s 50-day moving average price is $9.27 and its 200 day moving average price is $9.17. Tuniu Corp. has a 12-month low of $7.62 and a 12-month high of $17.07. The company’s market capitalization is $847.50 million.
Separately, Zacks Investment Research raised Tuniu Corp. from a “sell” rating to a “hold” rating in a research note on Friday, November 18th.
A number of large investors have recently added to or reduced their stakes in TOUR. Bank of Montreal Can purchased a new position in shares of Tuniu Corp. during the second quarter worth approximately $154,000. Quantitative Systematic Strategies LLC boosted its position in shares of Tuniu Corp. by 38.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 19,408 shares of the company’s stock worth $163,000 after buying an additional 5,362 shares during the last quarter. California Public Employees Retirement System purchased a new position in shares of Tuniu Corp. during the second quarter worth approximately $557,000. First Trust Advisors LP boosted its position in shares of Tuniu Corp. by 100.7% in the second quarter. First Trust Advisors LP now owns 144,659 shares of the company’s stock worth $1,219,000 after buying an additional 72,574 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Tuniu Corp. by 194.9% in the second quarter. JPMorgan Chase & Co. now owns 1,819,196 shares of the company’s stock worth $15,335,000 after buying an additional 1,202,250 shares during the last quarter. Hedge funds and other institutional investors own 15.66% of the company’s stock.
Tuniu Corp. Company Profile
Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.
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