Tata Motors (TTM) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Tata Motors (NYSE:TTM) released its earnings results on Monday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07, Morningstar.com reports. Tata Motors had a negative net margin of 8.55% and a positive return on equity of 3.13%.

Shares of TTM opened at $12.56 on Tuesday. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 5.34, a PEG ratio of -2.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.55. Tata Motors has a twelve month low of $10.29 and a twelve month high of $23.57.

Several equities analysts recently commented on TTM shares. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Saturday, April 13th. Deutsche Bank reissued a “hold” rating on shares of Tata Motors in a research report on Tuesday, March 26th. Nomura reissued a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. Finally, Bank of America cut shares of Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.00.

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in shares of Tata Motors by 251.0% in the 4th quarter. Hsbc Holdings PLC now owns 8,170,358 shares of the company’s stock worth $99,516,000 after purchasing an additional 5,842,788 shares during the period. Renaissance Technologies LLC lifted its position in shares of Tata Motors by 20.3% in the 1st quarter. Renaissance Technologies LLC now owns 4,924,900 shares of the company’s stock worth $61,857,000 after purchasing an additional 829,800 shares during the period. LMR Partners LLP purchased a new stake in shares of Tata Motors in the 4th quarter worth about $45,987,000. BlackRock Inc. lifted its position in shares of Tata Motors by 0.6% in the 1st quarter. BlackRock Inc. now owns 2,963,795 shares of the company’s stock worth $37,225,000 after purchasing an additional 17,832 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Tata Motors by 17.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,194,708 shares of the company’s stock worth $14,986,000 after purchasing an additional 175,993 shares during the period. 7.51% of the stock is owned by hedge funds and other institutional investors.

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About Tata Motors

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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