Brokers Set Expectations for Tucows Inc.'s Q3 2017 Earnings (TSE:TC)

Postado Agosto 13, 2017

Many analysts and investors agree that Shopify's astronomical stock price appreciation has resulted in this company being priced at valuation multiples reserved for only a select handful of companies. Tucows has a one year low of $33.78 and a one year high of $86.33. The firm has a market cap of $579.83 million, a P/E ratio of 38.72 and a beta of 1.36.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings data on Tuesday, May 9th. The information services provider reported $0.34 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.13. This business has seen impressive year-over-year growth, with revenues increasing by 55% year-over-year as of the first quarter of 2017. Tucows had a net margin of 6.06% and a return on equity of 43.78%. The company's revenue was up 55.7% compared to the same quarter past year. Equities research analysts expect that Tucows will post $2.20 EPS for the current year.

TD Asset Management Inc. now owns 5,599 shares of the information services provider's stock valued at $300,000 after buying an additional 445 shares during the period.

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In other news, CFO Davinder Singh sold 1,236 shares of the firm's stock in a transaction on Thursday, June 8th. Following the completion of the transaction, the chief financial officer now directly owns 1,764 shares in the company, valued at $105,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

In other Tucows news, Director Rawleigh Hazen Ralls sold 9,531 shares of the business's stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $58.56, for a total value of $1,756,800.00. The disclosure for this sale can be found here. Insiders have sold 175,825 shares of company stock valued at $10,192,803 in the last three months. (NASDAQ:TCX), a company that provides internet domain and content services to small and medium-sized business owners.

Large investors have recently modified their holdings of the company. Airain ltd raised its stake in Tucows by 34.4% in the second quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 503,961 shares of the information services provider's stock valued at $25,892,000 after buying an additional 31,011 shares during the last quarter. Strs Ohio purchased a new position in Tucows during the second quarter worth about $139,000. Bard Associates Inc. acquired a new stake in Tucows during the first quarter valued at approximately $236,000. Finally, Legal & General Group Plc bought a new stake in shares of Tucows during the second quarter valued at approximately $129,000. Accern also gave news stories about the information services provider an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the stock's share price in the near term.