Teradata (NYSE:TDC) Releases FY 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 2.300-2.340 for the period, compared to the consensus EPS estimate of 2.250. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its Q4 guidance to $0.40-$0.44 EPS.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TDC shares. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Morgan Stanley lowered their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price target on shares of Teradata in a report on Tuesday. Northland Securities reduced their price objective on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Finally, TD Cowen decreased their target price on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.55.

Teradata Stock Down 12.5 %

Shares of NYSE TDC traded down $4.18 during midday trading on Tuesday, hitting $29.20. The company’s stock had a trading volume of 1,084,359 shares, compared to its average volume of 934,595. Teradata has a 1 year low of $24.02 and a 1 year high of $49.44. The business’s fifty day simple moving average is $30.06 and its two-hundred day simple moving average is $31.69. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same quarter last year, the company posted $0.14 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, equities analysts predict that Teradata will post 1.3 EPS for the current year.

Insiders Place Their Bets

In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.