Teradata (NYSE:TDC) Updates FY24 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.15-2.31 for the period, compared to the consensus estimate of $2.21. Teradata also updated its Q2 guidance to $0.46-0.50 EPS.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America downgraded shares of Teradata from a buy rating to a neutral rating and reduced their price target for the company from $58.00 to $48.00 in a report on Tuesday, February 13th. Citigroup increased their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a research report on Monday, February 12th. Royal Bank of Canada reduced their target price on shares of Teradata from $59.00 to $48.00 and set a sector perform rating on the stock in a research note on Tuesday, February 13th. Barclays reduced their price objective on shares of Teradata from $43.00 to $39.00 and set an underweight rating on the stock in a research note on Monday, April 15th. Finally, JMP Securities reiterated a market outperform rating and issued a $72.00 price objective on shares of Teradata in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Teradata currently has a consensus rating of Moderate Buy and a consensus target price of $56.33.

Teradata Trading Up 1.9 %

NYSE:TDC traded up $0.72 during trading hours on Monday, reaching $37.96. The company’s stock had a trading volume of 1,504,422 shares, compared to its average volume of 1,095,778. The firm has a 50-day simple moving average of $37.74 and a 200-day simple moving average of $42.33. Teradata has a 1 year low of $35.36 and a 1 year high of $57.73. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 61.05, a PEG ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87.

Teradata (NYSE:TDC) last announced its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts expect that Teradata will post 1.27 EPS for the current fiscal year.

Insider Activity

In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the transaction, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Teradata news, insider Hillary Ashton sold 9,743 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now directly owns 156,704 shares in the company, valued at approximately $5,868,564.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of Teradata stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the transaction, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock valued at $2,903,644 over the last three months. Insiders own 0.92% of the company’s stock.

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.