Tesla (NASDAQ:TSLA) Issues Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Tesla (NASDAQ:TSLA - Get Free Report) issued its quarterly earnings data on Tuesday. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26), RTT News reports. The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the firm posted $0.45 earnings per share.

Tesla Stock Performance

NASDAQ TSLA traded up $25.44 during trading hours on Friday, hitting $284.95. The company had a trading volume of 166,882,151 shares, compared to its average volume of 95,960,657. The business has a 50 day moving average of $263.98 and a 200-day moving average of $323.02. The company has a market cap of $916.55 billion, a PE ratio of 139.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $6,737,500. This represents a 12.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 374,228 shares of company stock worth $123,791,123. Corporate insiders own 20.70% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tesla stock. Revolve Wealth Partners LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,317 shares of the electric vehicle producer's stock after purchasing an additional 931 shares during the quarter. Revolve Wealth Partners LLC's holdings in Tesla were worth $2,147,000 at the end of the most recent reporting period. 66.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Barclays dropped their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a "buy" rating in a research note on Thursday. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Tesla in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $287.46.

About Tesla

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.