Teradata (NYSE:TDC) Issues Earnings Results, Beats Expectations By $0.16 EPS

Teradata (NYSE:TDC) issued its quarterly earnings data on Monday. The technology company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16, Briefing.com reports. The firm had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. Teradata updated its Q3 guidance to $0.54-0.58 EPS and its FY24 guidance to $2.20-2.26 EPS.

Teradata Trading Up 1.9 %

NYSE TDC traded up $0.48 during mid-day trading on Wednesday, hitting $25.53. The company’s stock had a trading volume of 95,118 shares, compared to its average volume of 1,015,709. Teradata has a 52-week low of $24.02 and a 52-week high of $54.28. The stock’s fifty day simple moving average is $32.88 and its two-hundred day simple moving average is $36.66. The company has a debt-to-equity ratio of 9.83, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market capitalization of $2.47 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 2.07 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TDC. Evercore ISI decreased their price target on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday. Morgan Stanley decreased their price target on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their price target on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Tuesday. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, UBS Group began coverage on shares of Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.50.

Insider Activity at Teradata

In related news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total value of $319,500.00. Following the transaction, the chief executive officer now owns 393,579 shares in the company, valued at $12,574,849.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Michael D. Hutchinson sold 18,500 shares of Teradata stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total value of $609,760.00. Following the completion of the sale, the insider now owns 55,190 shares in the company, valued at $1,819,062.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Mcmillan sold 10,000 shares of Teradata stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.95, for a total transaction of $319,500.00. Following the completion of the sale, the chief executive officer now owns 393,579 shares of the company’s stock, valued at approximately $12,574,849.05. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by 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.