Tata Motors (TTM) Releases Earnings Results, Beats Estimates By $0.07 EPS
Tata Motors (NYSE:TTM) released its quarterly earnings results on Monday. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.07, Morningstar.com reports. Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. The business had revenue of $12.38 billion during the quarter, compared to analyst estimates of $12.20 billion.
Shares of Tata Motors stock traded down $0.45 during trading on Tuesday, reaching $12.66. 661,622 shares of the stock were exchanged, compared to its average volume of 1,658,693. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75. The firm has a market cap of $8.42 billion, a P/E ratio of 5.39, a P/E/G ratio of -2.70 and a beta of 1.61. Tata Motors has a 1 year low of $10.29 and a 1 year high of $23.57.
A number of equities analysts recently weighed in on the company. Nomura reiterated a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Deutsche Bank reaffirmed a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Finally, Bank of America cut shares of Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Tata Motors currently has a consensus rating of “Hold” and an average price target of $17.00.
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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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