Tucows Inc. (TCX) Announces Quarterly Earnings Results
Tucows Inc. (NASDAQ:TCX) (TSE:TC) announced its quarterly earnings results on Tuesday. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.09, Briefing.com reports. The firm had revenue of $84.22 million for the quarter, compared to analyst estimates of $81.75 million. Tucows had a net margin of 6.55% and a return on equity of 43.00%. The business’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS.
Shares of Tucows (NASDAQ:TCX) traded up 8.91% during midday trading on Wednesday, hitting $57.45. 159,217 shares of the stock traded hands. The company has a market capitalization of $603.74 million, a P/E ratio of 43.59 and a beta of 1.36. The stock has a 50 day moving average of $55.99 and a 200 day moving average of $53.39. Tucows has a 1-year low of $25.78 and a 1-year high of $63.20.
In related news, Director Allen Karp sold 1,900 shares of Tucows stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Also, Director Rawleigh Hazen Iv Ralls sold 52,500 shares of Tucows stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $56.79, for a total value of $2,981,475.00. Following the completion of the transaction, the director now directly owns 34,355 shares in the company, valued at $1,951,020.45. The disclosure for this sale can be found here. Insiders have sold 185,701 shares of company stock worth $10,773,117 over the last three months. Insiders own 13.20% of the company’s stock.
Several equities research analysts have issued reports on TCX shares. BidaskClub raised shares of Tucows from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Tucows from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th.
ILLEGAL ACTIVITY NOTICE: “Tucows Inc. (TCX) Announces Quarterly Earnings Results” was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/tucows-inc-tcx-announces-quarterly-earnings-results.html.
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.
Receive News & Ratings for Tucows Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tucows Inc. and related companies with MarketBeat.com's FREE daily email newsletter.