Teradata (NYSE:TDC) Updates FY 2021 Earnings Guidance

Teradata (NYSE:TDC) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $2.110-$2.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.970. The company issued revenue guidance of -.Teradata also updated its Q4 2021 guidance to $0.250-$0.290 EPS.

Several research firms recently issued reports on TDC. Zacks Investment Research lowered shares of Teradata from a buy rating to a hold rating and set a $59.00 target price on the stock. in a report on Tuesday, October 5th. Morgan Stanley restated a buy rating on shares of Teradata in a report on Friday, November 5th. Credit Suisse Group began coverage on shares of Teradata in a research note on Tuesday, November 16th. They issued an underperform rating and a $40.00 price target for the company. Craig Hallum reaffirmed a buy rating and issued a $88.00 price target on shares of Teradata in a research note on Friday, September 10th. Finally, Royal Bank of Canada lifted their price target on shares of Teradata from $50.00 to $58.00 and gave the company a sector perform rating in a research note on Friday, September 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Teradata presently has a consensus rating of Buy and an average target price of $63.22.

Shares of NYSE:TDC traded up $0.79 during midday trading on Thursday, hitting $45.01. 701,788 shares of the company’s stock were exchanged, compared to its average volume of 1,557,534. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a 50 day moving average price of $53.39 and a 200-day moving average price of $50.66. The company has a market cap of $4.88 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Teradata has a 12 month low of $21.07 and a 12 month high of $59.58.

Teradata (NYSE:TDC) last posted its earnings results on Thursday, November 4th. The technology company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. The company had revenue of $460.00 million during the quarter, compared to the consensus estimate of $455.45 million. Teradata had a net margin of 6.16% and a return on equity of 39.29%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, analysts anticipate that Teradata will post 1.39 EPS for the current fiscal year.

In other Teradata news, Director Timothy C. K. Chou sold 2,728 shares of the company’s stock in a transaction dated Monday, September 27th. The shares were sold at an average price of $55.13, for a total value of $150,394.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy C. K. Chou sold 2,729 shares of the business’s stock in a transaction dated Friday, October 22nd. The shares were sold at an average price of $59.00, for a total transaction of $161,011.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,761 shares of company stock valued at $444,300. 0.92% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Teradata stock. Morgan Stanley raised its stake in Teradata Co. (NYSE:TDC) by 60.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,627 shares of the technology company’s stock after acquiring an additional 121,822 shares during the quarter. Morgan Stanley owned approximately 0.30% of Teradata worth $16,171,000 as of its most recent filing with the Securities & Exchange Commission. 90.54% of the stock is owned by institutional investors.

Teradata Company Profile

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

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