Tesco (LON:TSCO) Releases Earnings Results

Key Points

• Tesco reported an earnings per share (EPS) of GBX 15.61 for the quarter, with a net margin of 1.92% and a return on equity of 11.33%.
• The stock price increased by 3.2%, opening at GBX 443.30, with a market capitalization of £28.78 billion.
• Analysts have a positive outlook on Tesco, with average target prices ranging from GBX 450 to GBX 460, and an overall average rating of "Buy".

Tesco (LON:TSCO - Get Free Report) issued its earnings results on Thursday. The retailer reported GBX 15.61 EPS for the quarter, Digital Look Earnings reports. Tesco had a net margin of 1.92% and a return on equity of 11.33%.

Tesco Stock Up 3.2%

TSCO stock opened at GBX 443.30 on Thursday. The company's 50 day simple moving average is GBX 428.28 and its 200-day simple moving average is GBX 391.86. The firm has a market capitalization of £28.78 billion, a PE ratio of 1,885.58, a P/E/G ratio of 1.43 and a beta of 0.51. Tesco has a 12 month low of GBX 310.30 and a 12 month high of GBX 448.90. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Tesco from GBX 400 to GBX 450 and gave the stock an "overweight" rating in a research note on Monday, September 1st. Citigroup upped their price objective on shares of Tesco from GBX 395 to GBX 460 and gave the company a "buy" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tesco has an average rating of "Buy" and an average price target of GBX 455.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children's groups, food banks and other good causes. In challenging times, our purpose has guided every part of the Group.

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