Tesco (LON:TSCO) Posts Earnings Results

Tesco (LON:TSCO) posted its quarterly earnings data on Thursday. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tesco had a net margin of 1.92% and a return on equity of 11.33%.

Tesco Price Performance

Shares of LON TSCO opened at GBX 448.70 on Friday. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 456.60. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The company’s 50-day moving average is GBX 429.11 and its 200 day moving average is GBX 393.57. The stock has a market capitalization of £29.13 billion, a P/E ratio of 1,908.55, a P/E/G ratio of 1.43 and a beta of 0.51.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSCO. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tesco in a report on Friday. Citigroup lifted their price objective on shares of Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 468.33.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.