Stellantis (STLA) to Release Quarterly Earnings on Tuesday

Stellantis (NYSE:STLA) will announce its earnings results before the market opens on Tuesday, April 30th.

Stellantis Price Performance

Shares of Stellantis stock opened at $24.59 on Tuesday. The stock’s fifty day moving average is $26.97 and its 200-day moving average is $23.32. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51.

Stellantis Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $1.147 per share. This represents a dividend yield of 4.55%. The ex-dividend date is Monday, April 22nd.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis bought 800,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $5.36 per share, with a total value of $4,288,000.00. Following the completion of the transaction, the insider now directly owns 37,851,720 shares of the company’s stock, valued at approximately $202,885,219.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 3,150,000 shares of company stock valued at $15,724,500 over the last three months.

Analyst Ratings Changes

STLA has been the topic of several recent analyst reports. Wolfe Research assumed coverage on Stellantis in a research report on Thursday, February 1st. They set an “outperform” rating on the stock. Morgan Stanley increased their price objective on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Piper Sandler assumed coverage on Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 price objective for the company. Finally, Nomura reissued a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.28.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.