Tesla (TSLA) Scheduled to Post Quarterly Earnings on Wednesday

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

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

Tesla Stock Down 5.6 %

TSLA stock opened at $161.48 on Tuesday. 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. The company has a 50-day moving average of $181.44 and a two-hundred day moving average of $213.70. The stock 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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSLA. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Piper Sandler cut their price objective on shares of Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. 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. Wells Fargo & Company cut their price objective on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Robert W. Baird cut their price objective on shares of Tesla from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $198.81.

Insider Activity

In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last three months. 20.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gould Capital LLC boosted its position in shares of Tesla by 21.5% during the second quarter. Gould Capital LLC now owns 566 shares of the electric vehicle producer’s stock worth $148,000 after purchasing an additional 100 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Tesla during the first quarter worth $111,000. KB Financial Partners LLC bought a new position in shares of Tesla during the first quarter worth $93,000. Dagco Inc. bought a new position in shares of Tesla during the fourth quarter worth $81,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Tesla during the fourth quarter worth $80,000. 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.