Tesco (LON:TSCO) Announces Earnings Results

Tesco (LON:TSCOGet Free Report) announced its quarterly earnings results on Thursday. The retailer reported GBX 27.71 ($0.35) EPS for the quarter, Digital Look Earnings reports. Tesco had a net margin of 1.92% and a return on equity of 11.33%.

Tesco Price Performance

TSCO stock opened at GBX 316.05 ($4.04) on Thursday. Tesco has a one year low of GBX 277.50 ($3.55) and a one year high of GBX 398.10 ($5.09). The stock has a market cap of £21.09 billion, a PE ratio of 16.54, a P/E/G ratio of 1.43 and a beta of 0.51. The firm has a 50 day simple moving average of GBX 356.20 and a two-hundred day simple moving average of GBX 359.28. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Insider Activity

In related news, insider Gerard Murphy acquired 40,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of GBX 371 ($4.74) per share, for a total transaction of £148,400 ($189,624.33). In the last 90 days, insiders acquired 40,110 shares of company stock valued at $14,881,384. Corporate insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 410 ($5.24) to GBX 400 ($5.11) and set an “overweight” rating for the company in a report on Monday, January 13th.

Check Out Our Latest Stock Analysis on Tesco

About Tesco

(Get Free Report)

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.

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