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 2.150-2.310 for the period, compared to the consensus EPS estimate of 2.200. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its FY24 guidance to $2.15-2.31 EPS.

Teradata Stock Down 0.1 %

Shares of NYSE:TDC traded down $0.04 during midday trading on Wednesday, hitting $32.68. The stock had a trading volume of 950,786 shares, compared to its average volume of 1,135,920. The company has a market cap of $3.19 billion, a P/E ratio of 53.64, a PEG ratio of 1.64 and a beta of 0.95. Teradata has a 12 month low of $31.61 and a 12 month high of $57.73. The business’s 50-day simple moving average is $37.66 and its 200-day simple moving average is $42.21. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. On average, sell-side analysts forecast that Teradata will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TDC. Citigroup raised their price objective on Teradata from $57.00 to $60.00 and gave the company a buy rating in a research report on Monday, February 12th. Morgan Stanley cut shares of Teradata from an overweight rating to an equal weight rating and reduced their price objective for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. TD Cowen cut their target price on shares of Teradata from $46.00 to $40.00 and set a hold rating for the company in a research note on Tuesday. Royal Bank of Canada decreased their price target on shares of Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research note on Tuesday. Finally, Bank of America downgraded shares of Teradata from a neutral rating to an underperform rating and cut their price objective for the stock from $48.00 to $39.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradata has a consensus rating of Hold and a consensus target price of $49.90.

Insider Transactions at Teradata

In related 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 transaction of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Teradata news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the transaction, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 127,595 shares in the company, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is owned by corporate insiders.

About Teradata

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.