Equities analysts forecast that Telenav Inc (NASDAQ:TNAV) will announce sales of $51.74 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Telenav’s earnings, with the highest sales estimate coming in at $53.57 million and the lowest estimate coming in at $49.90 million. Telenav reported sales of $36.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 41.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Telenav will report full-year sales of $220.95 million for the current fiscal year, with estimates ranging from $217.00 million to $224.89 million. For the next financial year, analysts expect that the company will post sales of $267.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Telenav.

Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.05. Telenav had a negative return on equity of 129.39% and a negative net margin of 83.93%. The company had revenue of $16.62 million during the quarter, compared to analyst estimates of $15.58 million.

A number of equities analysts recently commented on TNAV shares. BidaskClub raised Telenav from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. ValuEngine lowered Telenav from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. B. Riley reissued a “buy” rating on shares of Telenav in a research note on Monday, July 23rd. Finally, Zacks Investment Research raised Telenav from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.33.

Telenav stock traded up $0.06 during midday trading on Friday, reaching $4.59. 166 shares of the stock traded hands, compared to its average volume of 71,968. Telenav has a 12 month low of $4.32 and a 12 month high of $6.65. The firm has a market cap of $226.60 million, a PE ratio of -2.32 and a beta of 0.79.

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Telenav by 180.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 26,744 shares of the technology company’s stock valued at $145,000 after purchasing an additional 17,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Telenav in the 2nd quarter valued at approximately $415,000. Prudential Financial Inc. lifted its stake in shares of Telenav by 12.4% in the 1st quarter. Prudential Financial Inc. now owns 96,335 shares of the technology company’s stock valued at $520,000 after purchasing an additional 10,660 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of Telenav by 91.6% in the 1st quarter. Ancora Advisors LLC now owns 198,111 shares of the technology company’s stock valued at $1,070,000 after purchasing an additional 94,705 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Telenav by 5.7% in the 2nd quarter. Northern Trust Corp now owns 349,901 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 18,858 shares during the last quarter. 52.21% of the stock is owned by institutional investors and hedge funds.

Telenav Company Profile

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

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Earnings History and Estimates for Telenav (NASDAQ:TNAV)

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