Tucows Inc. (NASDAQ:TCX) Set to Announce Earnings on Tuesday
Tucows Inc. (NASDAQ:TCX) (TSE:TC) will post its quarterly earnings results after the market closes on Tuesday, August 8th. Analysts expect Tucows to post earnings of $0.39 per share for the quarter.
Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Tuesday, May 9th. The information services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.13. Tucows had a return on equity of 43.00% and a net margin of 6.55%. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $84.05 million. During the same quarter in the previous year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 55.7% on a year-over-year basis. On average, analysts expect Tucows to post $1.75 EPS for the current fiscal year and $2.8 EPS for the next fiscal year.
Shares of Tucows Inc. (NASDAQ:TCX) opened at 52.65 on Monday. Tucows Inc. has a 1-year low of $25.78 and a 1-year high of $63.20. The stock has a market cap of $553.30 million, a price-to-earnings ratio of 39.95 and a beta of 1.36. The firm has a 50-day moving average price of $56.36 and a 200-day moving average price of $53.40.
In related news, Director Allen Karp sold 1,900 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $59.92, for a total value of $113,848.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rawleigh Hazen Iv Ralls sold 53,842 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $59.11, for a total value of $3,182,600.62. Following the completion of the sale, the director now owns 85,697 shares in the company, valued at approximately $5,065,549.67. The disclosure for this sale can be found here. Insiders sold a total of 185,701 shares of company stock worth $10,773,117 in the last quarter. Company insiders own 13.20% of the company’s stock.
Several brokerages have recently commented on TCX. Zacks Investment Research raised Tucows from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub raised Tucows from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th.
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Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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