Tesco Corp. Lowered to “Hold” at Deutsche Bank (TESO)
Tesco Corp. (NASDAQ:TESO) opened at 21.34 on Thursday. Tesco Corp. has a 52-week low of $15.45 and a 52-week high of $22.50. The stock’s 50-day moving average is $20.34 and its 200-day moving average is $20.11. The company has a market cap of $855.4 million and a P/E ratio of 25.65.
Tesco Corp. (NASDAQ:TESO) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $145.10 million for the quarter, compared to the consensus estimate of $143.08 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Tesco Corp. will post $1.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Wednesday, August 20th.
Separately, analysts at Global Hunter Securities cut their price target on shares of Tesco Corp. from $22.00 to $1.00 in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $242.56.
Tesco Corporation (NASDAQ:TESO) is engaged in designing, manufacturing, and service delivery of technology based solutions for the upstream energy industry.
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