Teradata (NYSE:TDC) Issues Q3 Earnings Guidance

Teradata (NYSE:TDC) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.54-0.58 for the period, compared to the consensus estimate of $0.49. Teradata also updated its FY24 guidance to $2.20-2.26 EPS.

Teradata Price Performance

Shares of NYSE:TDC traded up $0.05 during trading on Wednesday, reaching $25.10. The company had a trading volume of 527,155 shares, compared to its average volume of 1,018,571. Teradata has a 12 month low of $24.02 and a 12 month high of $54.28. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 9.83. The stock has a market capitalization of $2.43 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 2.07 and a beta of 0.84. The company has a fifty day moving average of $32.88 and a two-hundred day moving average of $36.66.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The firm had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. Equities research analysts forecast that Teradata will post 1.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of recent research reports. JMP Securities lowered shares of Teradata from an outperform rating to a market perform rating in a report on Tuesday. Bank of America downgraded shares of Teradata from a neutral rating to an underperform rating and lowered their price target for the stock from $48.00 to $39.00 in a research note on Tuesday, May 7th. Morgan Stanley reduced their price objective on Teradata from $44.00 to $30.00 and set an equal weight rating on the stock in a research note on Tuesday. StockNews.com raised Teradata from a buy rating to a strong-buy rating in a research note on Tuesday. Finally, Guggenheim restated a buy rating and set a $60.00 target price on shares of Teradata in a report on Tuesday, June 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $42.50.

Insider Buying and Selling at Teradata

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