Tesco (LON:TSCO) Releases Quarterly Earnings Results

Tesco (LON:TSCO) posted its earnings results on Thursday. The retailer reported GBX 27.71 ($0.36) earnings per share 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 opened at GBX 323.67 ($4.24) on Friday. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The business has a fifty day moving average of GBX 353.97 and a 200 day moving average of GBX 358.65. Tesco has a 52-week low of GBX 277.50 ($3.63) and a 52-week high of GBX 398.10 ($5.21). The stock has a market cap of £21.60 billion, a P/E ratio of 16.94, a PEG ratio of 1.43 and a beta of 0.51.

Insider Transactions at Tesco

In other Tesco news, insider Ken Murphy acquired 40,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost of GBX 326 ($4.27) per share, with a total value of £130,400 ($170,680.63). Over the last ninety days, insiders acquired 80,110 shares of company stock worth $27,921,384. 2.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Tesco from GBX 410 ($5.37) to GBX 400 ($5.24) and set an “overweight” rating on the stock in a research report on Monday, January 13th. Shore Capital restated a “buy” rating on shares of Tesco in a report on Thursday.

About Tesco

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.