Renasant Corp (RNST) Files 10-K for the Fiscal Year Ended on December 31, 2018

Renasant Corp (NASDAQ:RNST) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Renasant Corp is a part of the financial services sector. Its business involves the provision of community banking services, which includes checking and savings accounts, business and personal loans and interim construction loans. Renasant Corp has a market cap of $2.26 billion; its shares were traded at around $38.44 with a P/E ratio of 13.79 and P/S ratio of 3.78. The dividend yield of Renasant Corp stocks is 2.09%.

For the last quarter Renasant Corp reported a revenue of $151.8 million, compared with the revenue of $125.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $540.5 million, an increase of 15.2% from last year. For the last five years Renasant Corp had an average revenue growth rate of 18.8% a year.

The reported diluted earnings per share was $2.79 for the year, an increase of 42.3% from previous year. Over the last five years Renasant Corp had an EPS growth rate of 13.4% a year. The profitability rank of the company is 4 (out of 10).

At the current stock price of $38.44, Renasant Corp is traded at 21.7% premium to its historical median P/S valuation band of $31.59. The P/S ratio of the stock is 3.78, while the historical median P/S ratio is 3.09. The stock lost 9.94% during the past 12 months.

For the complete 20-year historical financial data of RNST, click here.

Why Tesla Is Getting Dragged by Consumer Reports

A new report has questioned the reliability of Tesla Inc.’s (NASDAQ: TSLA) Model 3. Ultimately, Consumer Reports claimed that it will no longer recommend Tesla's Model 3 for a number of reasons.

The Consumer Reports recommendation is based on a few factors, including the feedback of vehicle owners, crash test performance and the testing and reviews conducted by the Consumer Reports auto team. The group reached its conclusion after reading reports of Tesla owners complaining about the fit and finish of their vehicles.

It's worth pointing out that this new data from Consumer Reports comes from is annual owner satisfaction survey, which runs from July through September, so the vast majority of these issues already have been corrected through design and manufacturing improvements. Tesla has said that it already is seeing a significant improvement in its field data since that time.

On the other hand, this report confirms the concern many analysts have raised about the quality of Tesla models slipping as the automaker ramped up production last year.

According to CNBC, at one point, Tesla added an additional Model 3 assembly line by erecting a permanent tent outside its assembly plant in Fremont, California. Reports of production issues ranged from robots on the assembly line not working properly to Tesla employees claiming the company was churning out a high volume of flawed parts that led to the automaker needing to rework and repair new models before they were shipped to customers.

Jake Fisher, senior director of Automotive Testing at Consumer Reports, commented:

When we look at the Model 3 lot of the issues are the electronics. There are some issues replacing the (navigation/infotainment) screens, for instance, but we’ve seen other issues in terms of the trim breaking and the glass.

While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles.

Shares of Tesla were last seen down about 1.5% at $297.96 on Thursday, in a 52-week range of $244.59 to $387.46. The stock has a consensus price target of $332.44.

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