Tesla Inc (NASDAQ:TSLA) – Equities research analysts at Jefferies Financial Group boosted their FY2019 EPS estimates for shares of Tesla in a research report issued to clients and investors on Tuesday, October 15th. Jefferies Financial Group analyst P. Houchois now expects that the electric vehicle producer will post earnings of ($4.94) per share for the year, up from their prior estimate of ($5.56). Jefferies Financial Group has a “Buy” rating and a $300.00 price target on the stock. Jefferies Financial Group also issued estimates for Tesla’s FY2020 earnings at $1.33 EPS and FY2021 earnings at $7.32 EPS.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.55) by ($0.76). The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The firm’s revenue was up 58.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.06) EPS.

A number of other equities analysts have also issued reports on TSLA. Sanford C. Bernstein set a $325.00 target price on Tesla and gave the company a “hold” rating in a research report on Wednesday, August 21st. China Renaissance Securities began coverage on Tesla in a research report on Thursday, September 26th. They issued a “buy” rating and a $324.00 target price on the stock. Nomura reaffirmed a “neutral” rating on shares of Tesla in a research report on Thursday, October 3rd. Barclays reaffirmed an “underweight” rating and issued a $150.00 target price on shares of Tesla in a research report on Thursday, July 25th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $238.00 target price on shares of Tesla in a research report on Monday, July 22nd. Eighteen equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Tesla presently has a consensus rating of “Hold” and an average price target of $266.35.

Shares of TSLA opened at $256.95 on Friday. The business’s 50 day moving average is $238.97 and its two-hundred day moving average is $234.69. Tesla has a 52-week low of $176.99 and a 52-week high of $379.49. The firm has a market cap of $46.93 billion, a price-to-earnings ratio of -44.92 and a beta of 0.52. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.71.

A number of institutional investors and hedge funds have recently modified their holdings of TSLA. First Trust Advisors LP grew its stake in Tesla by 137.4% during the 1st quarter. First Trust Advisors LP now owns 119,461 shares of the electric vehicle producer’s stock worth $33,432,000 after buying an additional 69,146 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Tesla by 16.1% during the 1st quarter. Belpointe Asset Management LLC now owns 506 shares of the electric vehicle producer’s stock worth $142,000 after buying an additional 70 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Tesla during the 1st quarter worth $186,000. Nordea Investment Management AB grew its stake in Tesla by 305.8% during the 1st quarter. Nordea Investment Management AB now owns 30,763 shares of the electric vehicle producer’s stock worth $8,612,000 after buying an additional 23,183 shares during the last quarter. Finally, Weaver Consulting Group bought a new position in Tesla during the 1st quarter worth $56,000. Hedge funds and other institutional investors own 54.41% of the company’s stock.

In related news, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $230.45, for a total transaction of $3,456,750.00. Following the completion of the transaction, the insider now directly owns 287,723 shares in the company, valued at approximately $66,305,765.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Zachary Kirkhorn sold 150 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $224.00, for a total value of $33,600.00. Following the transaction, the chief financial officer now owns 9,812 shares of the company’s stock, valued at $2,197,888. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,300 shares of company stock worth $3,526,721. Corporate insiders own 24.40% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Earnings History and Estimates for Tesla (NASDAQ:TSLA)

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