12.81 0.00 (0.00%)
After hours: 4:41PM EDT
|Bid||12.79 x 3000|
|Ask||12.80 x 1800|
|Day's Range||12.50 - 12.94|
|52 Week Range||10.29 - 23.57|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||6.62|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.00|
Plus, Jaguar Land Rover will pay its owners to report road conditions, and Bosch jumps into the hydrogen fuel cell game.
After Tata Motors Ltd.’s U.K. unit posted 120 million pounds ($152.8 million) of pretax profits(1) and positive free cash flow for the quarter, the company’s U.S.-listed shares rose as much as 10% in pre-market trading and bond prices ticked up. Mumbai-listed Tata Motors dropped around 4.7% in early trading on Tuesday. Outgoing Chief Financial Officer Kenneth Gregor said the company “very much over-delivered” on inventory reduction and working capital.
MUMBAI/BENGALURU (Reuters) - Tata Motors Ltd gave an uninspiring outlook for its luxury brand Jaguar Land Rover and forecast weak demand in the Indian automaker's home market, sending its shares 6% lower on Tuesday. Mumbai-based Tata Motors, which reported quarterly earnings results after markets closed on Monday, has been struggling with its JLR arm for months due to a slump in China sales, while also dealing with a weak industry. Three months ago, Tata Motors announced plans to revamp JLR, after reporting the biggest loss of about $4 billion (3 billion pounds) in Indian corporate history due to an impairment at JLR.
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The luxury manufacturer reported net income of 119 million pounds ($151.6 million) in the three months ended March, an improvement from the record 3.1 billion-pound loss posted at the end of 2018 that shocked investors and spilled over to JLR’s Indian parent Tata Motors Ltd. While the latest results are encouraging for JLR, its struggles in China have persisted with sales tumbling 46% in April, amid a 17% market pullback, to raise questions as to how long Tata will hang on to what was once its crown jewel. Tata Group is exploring strategic options for the luxury brand, including a potential stake sale, people familiar with the matter have said.
Tata Motors (NYSE:TTM) reported its latest quarterly earnings figures early on Monday, bringing in a profit that nearly halved when compared to the year-ago quarter, yet TTM stock surged more than 5%.The India-based carmaker said that for its fourth quarter of fiscal 2019, it posted net income of INR1,117.48 crore ($160 million), marking a 47% decline when compared to the year-ago quarter. On a per-share basis, this figure was INR3.28, which marked a slide of 47.4% year-over-year.Tata Motors' results were negatively impacted by asset impairment at Jaguar Land Rover, as well as separation costs-the company also faced challenges in China with its Jaguar Land Rover sales. Nevertheless, the company's results topped expectations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business revealed that its total consolidated revenues fell 4% year-over-year to INR86,422.02 crore ($12.37 billion), while revenue from the Tata Motors Limited (TML) segment increased 3.7%, while revenue at JLR fell 5.2%. Total volumes were down roughly 8.2% year-over-year to 357,219 units.The automotive manufacturer is hoping to reverse its fortunes in China as the company has struggled in the country, making such turnaround efforts its priority. The brand is also looking to lower breakeven and improve cashflows.In Jaguar Land Rover, the company did see higher sales in the UK and U.S., which have contributed to revenues growth. The company also invested GBP3.8 billion in product development, new technologies, as well as a desire to streamline the product creation process.TTM stock is up about 5.7% on Monday. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 6 Chinese Stocks That Could Pop On a Trade Deal * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Tata Motors Earnings: TTM Stock Drives Higher on Q4 Beat appeared first on InvestorPlace.
On a per-share basis, the Mumbai, India-based company said it had net income of 24 cents. Earnings, adjusted for non-recurring costs, came to 48 cents per share. The automaker posted revenue of $12.38 ...
MUMBAI/BENGALURU (Reuters) - India's Tata Motors Ltd expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand, it said on Monday, after the group's fourth-quarter profit fell less than expected. Brexit-related disruption and a slowdown in sales in China, once Jaguar Land Rover's (JLR) fastest-growing market, have hammered Tata's finances.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Jaguar Land Rover swung to a profit in the final quarter of the year after early rounds of cost cutting at the UK’s largest carmaker. The business posted £120m of pre-tax profit from January to March, after £149m in redundancy costs, although for the full year to March it suffered a £3.6bn loss. JLR has been hit by slowing sales in China, a slump in demand for diesel in the UK and Europe, as well as lacklustre demand for some models in the crowded compact sport utility vehicle segment.
Having entered its seventh model year with only minor changes, it's no surprise that Jaguar is working on a more significant update of its F-Type sports car. Based on the spy photos of what is likely to be the 2021 Jaguar F-Type, it's getting a serious nose job. The lights are actually much more similar to Jaguar's more practical offerings such as the XE, XJ and F-Pace.
PSA and JLR owner Tata Motors Ltd. are exploring details of cost savings after a tie-up with a “post-sale integration” document outlining specific areas, Press Association reported. Negotiations are moving quickly, according to an unidentified person at JLR, PA said. PSA Chief Executive Officer Carlos Tavares has started sounding out companies for potential deals to help save costs and boost its scale, and has discussed a potential partnership with Fiat Chrysler Automobiles NV in Europe, Bloomberg News reported in March, citing people familiar with the situation.
LONDON/PARIS (Reuters) - PSA Group said on Thursday it was ready to consider potential tie-ups, after the French carmaker's shares briefly rose on a report that it was in advanced talks with Tata Motors to acquire UK-based Jaguar Land Rover (JLR). The Peugeot maker declined to comment on a report by British news agency The Press Association that a deal was imminent. Tata denied the report, which cited sources referring to an internal "post-sale integration document" describing cost savings.
Benzinga’s Securities Lending Volatility Index (SLVX) Powered by Tidal Markets, is an indicator that forecasts stock market activity for broader indices and individual securities. To demonstrate the use of the SLVX as a stock market indicator, we show how changes in the SLVX predicted a -5.46% decline in Tata Motors Limited towards the end of April 2019. Tata Motors Limited (NYSE: TTM) designs, manufactures, and sells a range of automotive vehicles, including cars, sports vehicles, trucks, buses, and defense vehicles.
The guys discuss how Jaguar Land Rover has partnered with the IOTA foundation to trial a smart wallet where drivers can earn crypto for reporting road conditions!!! For the latest news visit www.coinrivet.com The post Can you really earn Bitcoin with your car? We discuss how… appeared first on Coin Rivet.
IOTA (MIOTA) was benefited from a 8% price boost on Monday morning after Jaguar Land Rover announced the development of IOTA smart wallets in their vehicles. However, as some of you might remember, this isn’t the first time IOTA has been courted by major automobile companies. In 2018, Audi announced a partnership with the Germany-based cryptocurrency which saw the two groups create prototype uses for the Tangle. The new deal with Jaguar Land Rover has apparently already seen IOTA cryptocurrency wallets installed and tested in vehicles, including the Jaguar F-PACE and the Range Rover Velar. The long-term goal is to have vehicles automatically tip each other for various on-road services, such as changing lanes, reporting accidents, ride-sharing, and more. Jaguar The post IOTA is making waves appeared first on Coin Rivet.
News that motoring icon Jaguar Land Rover is testing a system that will pay drivers in cryptocurrency for reporting traffic congestion or potholes has been welcomed by experts in digital finance. Boffins at the Warwickshire-based vehicle manufacturer are working on ‘smart wallet’ technology that will allow owners to earn credits by enabling their cars to automatically report road condition data to navigation providers and local authorities. Drivers will then be able to use the cryptocurrency reward to pay for car parking, road tolls or even charging for electric vehicles, according to a Coin Rivet article for the Daily Express. JLR has partnered with the IOTA Foundation to work on distributed ledger technologies to send and receive payments. The nature of The post Paying drivers in crypto for spotting potholes is a top idea, says expert appeared first on Coin Rivet.
NEW DELHI (Reuters) - British carmaker Jaguar Land Rover (JLR) will move the assembly of its Land Rover Defender to its plant in Slovakia to make room for newer models at its factory in Britain, the company ...
FED WATCH Reuters reporters and editors tracking the Federal Reserve take questions on the economics, politics, trade matters and rates policies facing America's central bank and others whose decisions drive markets day in and day out at 7:30 pm IST. To join the conversation, click on the link: https://www.refinitiv.com/en/products/eikon-trading-software/eikon-messenger-secure-messaging/editorial-communities-financial-forums INDIA TOP NEWS • PepsiCo accused of coercing farmers by group close to India's ruling party An influential Hindu nationalist group with close ties to Prime Minister Narendra Modi's ruling Bharatiya Janata Party (BJP) has accused PepsiCo of coercing four Indian farmers who have been sued by the U.S. company for allegedly infringing a patent.
Drivers will be able to earn digital currency by enabling tech in connected vehicles to report road condition data, such as traffic or potholes.