Oppenheimer Research analysts raise Tesla, Inc. earnings estimates (NASDAQ:TSLA)

Tesla, Inc. (NASDAQ:TSLA – Get Rating) – Oppenheimer raised its earnings per share estimate for the fourth quarter of 2022 for Tesla in a research report released Monday, September 26. Oppenheimer analyst C. Rusch now expects the electric vehicle maker to post earnings per share of $0.83 for the quarter, up from its previous estimate of $0.82. . The consensus estimate for Tesla’s current annual earnings is $3.65 per share. Oppenheimer also released estimates for Tesla’s fiscal year 2023 earnings at $3.41 EPS, fiscal year 2024 earnings at $4.62 EPS, and fiscal year 2025 earnings at $5.81 EPS. .

A number of other brokerages have also weighed in on TSLA recently. Needham & Company LLC upgraded Tesla shares from an “underperforming” rating to a “sustained” rating in a Thursday, Sept. 15 research note. Piper Sandler lowered her target price on Tesla from $360.00 to $340.00 and set an “overweight” rating on the stock in a report Thursday. Wolfe Research upgraded Tesla from a “peer performer” rating to an “outperformer” rating and set a target price of $360.00 on the stock in a Tuesday, September 6 report. Bank of America raised its price target on Tesla from $300.00 to $316.67 and gave the stock a “neutral” rating in a Thursday, July 21 report. Finally, Barclays raised its price target on Tesla from $123.33 to $126.67 and gave the stock an “underweight” rating in a Monday, July 18 report. Seven analysts rated the stock with a sell rating, eleven gave the company a hold rating and twenty gave the company a buy rating. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $287.62.

Tesla Price Performance

Shares of the NASDAQ TSLA opened at $265.25 on Thursday. Tesla has a fifty-two week low of $206.86 and a fifty-two week high of $414.50. The company’s 50-day simple moving average is $289.92 and its 200-day simple moving average is $280.33. The company has a quick ratio of 1.06, a current ratio of 1.43 and a debt ratio of 0.08. The stock has a market capitalization of $824.40 billion, a P/E ratio of 95.87, a P/E/G ratio of 2.53 and a beta of 2.18.

Tesla Inc (NASDAQ:TSLA – Get Rating) last released quarterly earnings data on Wednesday, July 20. The electric vehicle maker reported earnings per share of $0.76 for the quarter, beating consensus analyst estimates of $0.60 by $0.16. Tesla had a net margin of 14.17% and a return on equity of 29.04%. The company posted revenue of $16.93 billion for the quarter, versus $16.92 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.34. The company’s revenue increased 41.6% year over year.

Tesla Institutional Trading

A number of large investors have recently bought and sold shares of TSLA. IFG Advisory LLC increased its stake in Tesla by 1.4% in the first quarter. IFG Advisory LLC now owns 3,599 shares of the electric vehicle maker worth $3,878,000 after buying 48 additional shares in the last quarter. Bristlecone Advisors LLC increased its stake in Tesla by 18.2% in the first quarter. Bristlecone Advisors LLC now owns 999 shares of the electric vehicle maker worth $1,077,000 after buying 154 more shares last quarter. Financial Futures Ltd Liability Co. acquired a new position in shares of Tesla during the fourth quarter worth $291,000. Cullen Frost Bankers Inc. increased its stake in Tesla shares by 8.7% in the first quarter. Cullen Frost Bankers Inc. now owns 15,260 shares of the electric vehicle maker valued at $16,444,000 after acquiring an additional 1,226 shares during the period. Finally, Mason & Associates Inc increased its stake in Tesla shares by 1.1% during the first quarter. Mason & Associates Inc now owns 1,959 shares of the electric vehicle maker worth $2,111,000 after acquiring 22 additional shares during the period. 43.01% of the shares are currently held by institutional investors.

Insider activity

Separately, director Kathleen Wilson-Thompson sold 26,250 shares of the company in a transaction that took place on Thursday, September 8. The stock was sold at an average price of $278.93, for a total transaction of $7,321,912.50. As a result of the sale, the administrator now directly owns 5,400 shares of the company, valued at $1,506,222. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. In other Tesla news, chief executive Kathleen Wilson-Thompson sold 26,250 shares of the company in a trade on Thursday, September 8. The stock was sold at an average price of $278.93, for a total value of $7,321,912.50. As a result of the sale, the administrator now directly owns 5,400 shares of the company, valued at $1,506,222. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CFO Zachary Kirkhorn sold 3,750 shares of the company in a trade on Monday, September 12. The shares were sold at an average price of $300.59, for a total value of $1,127,212.50. Following the completion of the sale, the CFO now owns 192,777 shares of the company, valued at $57,946,838.43. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 80,750 shares of the company worth $40,199,130. Insiders of the company own 25.10% of the shares of the company.

About Tesla

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Tesla, Inc designs, develops, manufactures, leases and sells electric vehicles and energy generation and storage systems in the United States, China and around the world. The Company operates in two segments, Automotive and Energy Generation and Storage. The Automotive segment offers electric vehicles and sells automotive regulatory credits.

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Earnings history and estimates for Tesla (NASDAQ: TSLA)

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