Tesla (NASDAQ:TSLA - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.53 per share and revenue of $22.93 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.
Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, analysts expect Tesla to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Tesla Stock Down 0.2 %
NASDAQ TSLA traded down $0.39 during trading hours on Friday, reaching $241.17. 83,173,157 shares of the company's stock traded hands, compared to its average volume of 95,997,504. The firm has a market cap of $775.71 billion, a PE ratio of 118.22, a PEG ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a 50-day simple moving average of $273.93 and a 200 day simple moving average of $322.21.
Insiders Place Their Bets
In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $6,737,500. The trade was a 12.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now directly owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock worth $123,791,123 over the last three months. 20.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Tesla stock. Brighton Jones LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,929 shares of the electric vehicle producer's stock after purchasing an additional 9,293 shares during the period. Tesla makes up about 1.0% of Brighton Jones LLC's investment portfolio, making the stock its 13th largest position. Brighton Jones LLC's holdings in Tesla were worth $35,509,000 at the end of the most recent quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on TSLA shares. Wedbush dropped their price target on Tesla from $550.00 to $315.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Benchmark cut their target price on Tesla from $475.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Cantor Fitzgerald restated an "overweight" rating and set a $425.00 price target on shares of Tesla in a report on Thursday, April 3rd. Morgan Stanley cut their price objective on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Finally, Glj Research reissued a "buy" rating on shares of Tesla in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $292.18.
Check Out Our Latest Stock Analysis on TSLA
Tesla Company Profile
(
Get Free Report)
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.
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