Tesla Inc to Post FY2022 Earnings of $20.03 Per Share, Oppenheimer Forecasts (TSLA)

Tesla Inc (NASDAQ:TSLA) – Research analysts at Oppenheimer issued their FY2022 earnings per share estimates for shares of Tesla in a research report issued on Thursday. Oppenheimer analyst C. Rusch expects that the electric vehicle producer will earn $20.03 per share for the year. Oppenheimer has a “Hold” rating on the stock.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The company’s quarterly revenue was up 43.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.69) earnings per share.

A number of other research analysts have also recently weighed in on the stock. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 target price on the stock in a research note on Thursday, November 2nd. Global Equities Research reiterated a “buy” rating and issued a $485.00 target price on shares of Tesla in a research note on Wednesday, November 29th. Jefferies Group cut shares of Tesla from an “in-line” rating to an “underperform” rating and dropped their target price for the company from $312.00 to $240.00 in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Tesla in a research note on Friday, November 10th. Finally, BidaskClub upgraded shares of Tesla from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. Twelve research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $322.45.

Tesla (NASDAQ TSLA) opened at $308.74 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The firm has a market cap of $52,170.00, a PE ratio of -26.19 and a beta of 0.97. Tesla has a 52 week low of $242.01 and a 52 week high of $389.61.

Several hedge funds have recently added to or reduced their stakes in TSLA. Wealthcare Advisory Partners LLC bought a new position in shares of Tesla during the 3rd quarter valued at $100,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Tesla during the 3rd quarter valued at $106,000. First Personal Financial Services purchased a new stake in Tesla during the 3rd quarter valued at $148,000. WFG Advisors LP boosted its position in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after buying an additional 236 shares during the period. Finally, Advisory Services Network LLC boosted its position in Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after buying an additional 95 shares during the period. 57.49% of the stock is currently owned by institutional investors.

In related news, VP Eric Branderiz sold 801 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total transaction of $284,018.58. Following the transaction, the vice president now owns 1,287 shares of the company’s stock, valued at approximately $456,344.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John Douglas Field sold 1,400 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total transaction of $476,938.00. Following the transaction, the vice president now directly owns 21,528 shares in the company, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,231 shares of company stock worth $3,292,431. 23.10% of the stock is owned by insiders.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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