Teradata (NYSE:TDC) Releases Q4 Earnings Guidance

by · The Cerbat Gem

Teradata (NYSE:TDC – Get Free Report) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.40-$0.44 for the period, compared to the consensus estimate of $0.48. Teradata also updated its FY 2024 guidance to 2.300-2.340 EPS.

Teradata Trading Up 3.2 %

TDC traded up $0.90 during trading hours on Wednesday, reaching $29.37. 604,328 shares of the company’s stock traded hands, compared to its average volume of 940,919. The firm has a 50-day moving average price of $30.07 and a 200 day moving average price of $31.64. The firm has a market capitalization of $2.82 billion, a PE ratio of 33.89, a PEG ratio of 3.10 and a beta of 0.80. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. Teradata has a 52-week low of $24.02 and a 52-week high of $49.44.

Teradata (NYSE:TDC – Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 160.68%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, sell-side analysts predict that Teradata will post 1.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on TDC shares. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price target on shares of Teradata in a research note on Tuesday. Evercore ISI increased their target price on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. TD Cowen reduced their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, Northland Securities dropped their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.91.

Read Our Latest Stock Report on TDC

Insider Transactions at Teradata

In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the transaction, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Teradata Company Profile

(Get Free Report)

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.

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