Tata Motors (TTM) Set to Announce Quarterly Earnings on Monday

Tata Motors (NYSE:TTM) will announce its earnings results before the market opens on Monday, May 20th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

TTM stock opened at $12.63 on Friday. Tata Motors has a twelve month low of $10.29 and a twelve month high of $23.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.55 and a current ratio of 0.92. The company has a market capitalization of $8.57 billion, a PE ratio of 5.37, a P/E/G ratio of -2.75 and a beta of 1.61.

A number of research analysts have recently weighed in on TTM shares. Bank of America lowered Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. Nomura restated a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Deutsche Bank restated a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Finally, Zacks Investment Research upgraded Tata Motors from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.00.

An institutional investor recently bought a new position in Tata Motors stock. Geode Capital Management LLC purchased a new stake in shares of Tata Motors Limited (NYSE:TTM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,488 shares of the company’s stock, valued at approximately $236,000. Hedge funds and other institutional investors own 7.51% of the company’s stock.

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Tata Motors Company Profile

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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Earnings History for Tata Motors (NYSE:TTM)

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