Tesla (TSLA) Scheduled to Post Quarterly Earnings on Wednesday

Tesla (NASDAQ:TSLA) will be posting its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Tesla to post earnings of $0.47 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Tesla (NASDAQ:TSLA) last announced 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). The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 EPS. On average, analysts expect Tesla to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tesla Stock Performance

Shares of Tesla stock opened at $161.48 on Tuesday. The business’s fifty day simple moving average is $181.44 and its 200 day simple moving average is $213.70. The firm has a market capitalization of $514.28 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40. Tesla has a 12 month low of $152.37 and a 12 month high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

TSLA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Tesla from $200.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. The Goldman Sachs Group decreased their price objective on Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Citigroup decreased their price objective on Tesla from $196.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday. Robert W. Baird decreased their price objective on Tesla from $300.00 to $280.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Finally, Piper Sandler decreased their price objective on Tesla from $225.00 to $205.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $198.81.

Insider Transactions at Tesla

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

Institutional Trading of Tesla

Several institutional investors have recently added to or reduced their stakes in TSLA. Axiom Financial Strategies LLC boosted its stake in Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tesla by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after buying an additional 164,789 shares during the last quarter. MAS Advisors LLC boosted its stake in shares of Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after buying an additional 81 shares during the last quarter. Ergoteles LLC boosted its stake in shares of Tesla by 33.4% in the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Tesla by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after buying an additional 4,593 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other 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.