Tuniu Corp. (TOUR) Posts Quarterly Earnings Results, Misses Estimates By $3.46 EPS
Tuniu Corp. (NASDAQ:TOUR) issued its earnings results on Wednesday. The company reported ($4.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by $3.46. Tuniu Corp. had a negative return on equity of 46.28% and a negative net margin of 24.53%. The company earned $607 million during the quarter, compared to analysts’ expectations of $574.86 million. During the same period in the previous year, the company earned ($1.51) EPS. Tuniu Corp.’s quarterly revenue was up 35.0% on a year-over-year basis.
Shares of Tuniu Corp. (NASDAQ:TOUR) opened at 9.08 on Thursday. The stock’s market cap is $847.50 million. The stock has a 50 day moving average price of $9.27 and a 200 day moving average price of $9.17. Tuniu Corp. has a 12 month low of $7.62 and a 12 month high of $17.07.
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Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Tuniu Corp. by 1.2% in the third quarter. Northern Trust Corp now owns 48,941 shares of the company’s stock valued at $496,000 after buying an additional 559 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Tuniu Corp. by 6.3% in the third quarter. Penserra Capital Management LLC now owns 11,760 shares of the company’s stock valued at $119,000 after buying an additional 700 shares during the period. Quantitative Systematic Strategies LLC boosted its stake in shares of Tuniu Corp. by 38.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 19,408 shares of the company’s stock valued at $163,000 after buying an additional 5,362 shares during the period. BlackRock Group LTD boosted its stake in shares of Tuniu Corp. by 16.8% in the third quarter. BlackRock Group LTD now owns 52,083 shares of the company’s stock valued at $527,000 after buying an additional 7,497 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Tuniu Corp. by 28.1% in the second quarter. Guggenheim Capital LLC now owns 47,694 shares of the company’s stock valued at $402,000 after buying an additional 10,465 shares during the period. 15.66% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Tuniu Corp. from a “sell” rating to a “hold” rating in a research report on Friday, November 18th.
About Tuniu Corp.
Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.
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