Tesla (TSLA) Expected to Announce Quarterly Earnings on Tuesday

Tesla (NASDAQ:TSLA - Get Free Report) is anticipated to release its earnings data after the market closes on Tuesday, April 22nd. Analysts expect Tesla to post earnings of $0.53 per share and revenue of $22.93 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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 Price Performance

NASDAQ:TSLA traded up $1.76 during trading hours on Tuesday, reaching $254.11. The stock had a trading volume of 78,792,804 shares, compared to its average volume of 95,936,704. The company has a 50 day moving average price of $282.67 and a two-hundred day moving average price of $323.51. Tesla has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $817.35 billion, a PE ratio of 124.56, a PEG ratio of 5.86 and a beta of 2.58.

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Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the 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 completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. This represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock valued at $123,791,123 in the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tesla

A hedge fund recently raised its stake in Tesla stock. Brighton Jones LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,929 shares of the electric vehicle producer's stock after purchasing an additional 9,293 shares during the quarter. Tesla accounts for approximately 1.0% of Brighton Jones LLC's 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 reporting period. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TSLA. The Goldman Sachs Group lowered their price target on shares of Tesla from $320.00 to $275.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Truist Financial dropped their target price on Tesla from $373.00 to $280.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. Benchmark lowered their price target on Tesla from $475.00 to $350.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Guggenheim cut their price objective on shares of Tesla from $175.00 to $170.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $404.00 price target on shares of Tesla in a research note on Monday, March 17th. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus target price of $298.59.

Tesla Company Profile

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.