Tesla (TSLA) Set to Announce Earnings on Tuesday

Tesla (NASDAQ:TSLA) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

Tesla Price Performance

NASDAQ TSLA opened at $161.48 on Tuesday. The firm has a market capitalization of $514.28 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40. The company has a 50 day simple moving average of $181.44 and a 200-day simple moving average of $213.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla has a 52-week low of $152.37 and a 52-week high of $299.29.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent research reports. Canaccord Genuity Group cut their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Mizuho reaffirmed a “neutral” rating and set a $195.00 price objective (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. UBS Group cut their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Morgan Stanley lowered their price target on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Finally, Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Ten research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $198.81.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 over the last ninety days. 20.90% of the stock is owned by insiders.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Worth Asset Management LLC acquired a new position in shares of Tesla during the 1st quarter worth about $111,000. Clearbridge Investments LLC grew its position in shares of Tesla by 2,297.3% during the 1st quarter. Clearbridge Investments LLC now owns 43,008 shares of the electric vehicle producer’s stock worth $46,345,000 after buying an additional 41,214 shares during the period. qPULA Trading Management LP acquired a new position in shares of Tesla during the 1st quarter worth about $746,000. Fund Management at Engine No. 1 LLC acquired a new position in shares of Tesla during the 1st quarter worth about $11,013,000. Finally, Symphony Financial Ltd. Co. grew its position in shares of Tesla by 93.3% during the 1st quarter. Symphony Financial Ltd. Co. now owns 4,257 shares of the electric vehicle producer’s stock worth $4,089,000 after buying an additional 2,055 shares during the period. 66.20% of the stock is owned by institutional investors.

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.