Tintri Inc (TNTR) Expected to Announce Earnings of -$0.81 Per Share
Wall Street analysts forecast that Tintri Inc (NASDAQ:TNTR) will announce ($0.81) earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Tintri’s earnings. The highest EPS estimate is ($0.79) and the lowest is ($0.82). The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Tintri will report full year earnings of ($3.62) per share for the current fiscal year, with EPS estimates ranging from ($3.76) to ($3.40). For the next fiscal year, analysts anticipate that the company will report earnings of ($2.79) per share, with EPS estimates ranging from ($3.15) to ($2.23). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Tintri.
A number of brokerages have recently weighed in on TNTR. Zacks Investment Research lowered Tintri from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Piper Jaffray Companies set a $5.00 price target on Tintri and gave the stock a “hold” rating in a research report on Thursday, December 14th. KeyCorp reissued an “equal weight” rating on shares of Tintri in a research report on Friday, December 15th. Raymond James Financial reissued an “underperform” rating and set a $9.00 price target on shares of Tintri in a research report on Wednesday, September 20th. Finally, Needham & Company LLC downgraded Tintri from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Tintri has an average rating of “Hold” and an average price target of $7.68.
Several hedge funds have recently modified their holdings of the business. Legal & General Group Plc acquired a new stake in shares of Tintri in the 2nd quarter valued at $146,000. Goldman Sachs Group Inc. acquired a new stake in shares of Tintri in the 2nd quarter valued at $619,000. UBS Oconnor LLC acquired a new stake in shares of Tintri in the 2nd quarter valued at $1,454,000. Laurion Capital Management LP acquired a new stake in shares of Tintri in the 2nd quarter valued at $2,181,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Tintri in the 2nd quarter valued at $4,725,000. 61.33% of the stock is currently owned by hedge funds and other institutional investors.
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Tintri Company Profile
Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.
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