Tesla (TSLA) Set to Announce Quarterly Earnings on Tuesday

Tesla (NASDAQ:TSLA - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Tesla to post earnings of $0.46 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. On average, analysts expect Tesla to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tesla Stock Down 2.7 %

Shares of Tesla stock traded down $4.37 during trading hours on Tuesday, reaching $157.11. The company's stock had a trading volume of 96,854,894 shares, compared to its average volume of 102,190,344. The stock's fifty day simple moving average is $181.44 and its two-hundred day simple moving average is $213.70. The company has a market capitalization of $500.36 billion, a P/E ratio of 36.36, a P/E/G ratio of 4.50 and a beta of 2.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla has a one year low of $152.37 and a one year high of $299.29.

Analyst Ratings Changes

Several brokerages have recently commented on TSLA. Daiwa Capital Markets downgraded shares of Tesla from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Morgan Stanley decreased their price objective on shares of Tesla from $320.00 to $310.00 and set an "overweight" rating for the company in a report on Thursday, April 4th. Redburn Atlantic began coverage on shares of Tesla in a report on Wednesday, January 24th. They set a "sell" rating and a $170.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Tesla from $130.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 3rd. Finally, Oppenheimer restated a "market perform" rating on shares of Tesla in a report on Tuesday, April 2nd. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $198.81.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company's stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Hedge funds have recently bought and sold shares of the stock. Gould Capital LLC lifted its position in Tesla by 21.5% during the second quarter. Gould Capital LLC now owns 566 shares of the electric vehicle producer's stock valued at $148,000 after purchasing an additional 100 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Tesla during the first quarter worth approximately $111,000. KB Financial Partners LLC purchased a new position in shares of Tesla during the first quarter worth approximately $93,000. Dagco Inc. purchased a new position in shares of Tesla during the fourth quarter worth approximately $81,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of Tesla during the fourth quarter worth approximately $80,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.