Trading Report: Today, Trina Solar Ltd. (TSL) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Today, Trina Solar Ltd. (TSL) Releases Quarterly  Earnings Results, Beats Estimates By $0.16 EPS

Trina Solar Ltd. (NYSE:TSL) released its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.16. Trina Solar had a net margin of 2.51% and a return on equity of 11.34%. The company earned $741.10 million during the quarter. During the same period last year, the company earned ($0.24) earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year.

Trina Solar (NYSE:TSL) opened at 10.32 on Friday. The stock’s 50 day moving average is $10.36 and its 200 day moving average is $9.42. The firm has a market cap of $876.50 million, a P/E ratio of 11.97 and a beta of 1.23. Trina Solar has a 12-month low of $6.91 and a 12-month high of $11.35.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in shares of Trina Solar by 9.8% in the third quarter. Northern Trust Corp now owns 14,310 shares of the company’s stock worth $147,000 after buying an additional 1,279 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Trina Solar by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,809 shares of the company’s stock worth $838,000 after buying an additional 4,500 shares during the period. Profund Advisors LLC boosted its position in shares of Trina Solar by 7.1% in the third quarter. Profund Advisors LLC now owns 70,752 shares of the company’s stock worth $725,000 after buying an additional 4,688 shares during the period. Van ECK Associates Corp boosted its position in shares of Trina Solar by 5.0% in the second quarter. Van ECK Associates Corp now owns 175,465 shares of the company’s stock worth $1,358,000 after buying an additional 8,409 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Trina Solar by 3.6% in the second quarter. California Public Employees Retirement System now owns 292,700 shares of the company’s stock worth $2,266,000 after buying an additional 10,200 shares during the period. Institutional investors own 61.60% of the company’s stock.

A number of equities analysts have commented on TSL shares. Roth Capital reiterated a “neutral” rating and issued a $10.00 target price (up from $8.00) on shares of Trina Solar in a report on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “hold” rating and issued a $11.60 target price on shares of Trina Solar in a report on Wednesday, August 3rd. Morgan Stanley set a $11.60 target price on shares of Trina Solar and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Trina Solar from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Axiom Securities upgraded shares of Trina Solar from a “sell” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, October 6th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Trina Solar currently has a consensus rating of “Hold” and a consensus price target of $10.78.

Trina Solar Company Profile

Related posts

Leave a Comment