Equities research analysts forecast that Tesla Inc (NASDAQ:TSLA) will post ($3.07) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Tesla’s earnings. The lowest EPS estimate is ($3.82) and the highest is ($2.60). Tesla posted earnings per share of ($1.33) in the same quarter last year, which suggests a negative year over year growth rate of 130.8%. The company is expected to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Tesla will report full-year earnings of ($7.19) per share for the current financial year, with EPS estimates ranging from ($12.58) to ($3.33). For the next year, analysts expect that the firm will report earnings of $2.28 per share, with EPS estimates ranging from ($5.07) to $11.39. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Tesla.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company earned ($0.69) EPS. Tesla’s revenue was up 43.9% on a year-over-year basis.
A number of equities research analysts recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research note on Monday. Goldman Sachs reaffirmed a “sell” rating on shares of Tesla in a research note on Monday. Vetr raised Tesla from a “buy” rating to a “strong-buy” rating and set a $354.98 price target on the stock in a research note on Monday. Jefferies Group reissued a “sell” rating and set a $250.00 price target on shares of Tesla in a research note on Monday. Finally, BidaskClub lowered Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Thirteen analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $322.64.
Tesla stock traded down $7.43 during mid-day trading on Thursday, reaching $309.10. The company had a trading volume of 4,922,961 shares, compared to its average volume of 5,814,929. Tesla has a 12-month low of $253.30 and a 12-month high of $389.61. The company has a current ratio of 0.86, a quick ratio of 0.56 and a debt-to-equity ratio of 1.80. The stock has a market cap of $52,458.07, a price-to-earnings ratio of -26.22 and a beta of 1.01.
In related news, Director Kimbal Musk sold 4,065 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the sale, the director now directly owns 154,589 shares in the company, valued at approximately $48,244,135.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Eric Branderiz sold 801 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total value of $284,018.58. Following the completion of the sale, the vice president now owns 1,287 shares of the company’s stock, valued at $456,344.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,719 shares of company stock valued at $2,827,816. 23.10% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Tesla by 2.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,130 shares of the electric vehicle producer’s stock valued at $5,333,000 after purchasing an additional 455 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Tesla by 24.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,660 shares of the electric vehicle producer’s stock valued at $517,000 after purchasing an additional 327 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Tesla by 10.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 22,819 shares of the electric vehicle producer’s stock valued at $7,105,000 after purchasing an additional 2,109 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Tesla by 20.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock valued at $279,000 after purchasing an additional 155 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Tesla by 8.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,674 shares of the electric vehicle producer’s stock valued at $22,938,000 after buying an additional 5,850 shares during the last quarter. Hedge funds and other institutional investors own 58.18% of the company’s stock.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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