Teradata (NYSE:TDC) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

by · The Cerbat Gem

Teradata (NYSE:TDC – Get Free Report) issued its quarterly earnings results on Monday. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.13, Briefing.com reports. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. During the same period last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis.

Teradata Trading Down 14.3 %

Shares of Teradata stock traded down $4.77 on Tuesday, reaching $28.61. 1,838,459 shares of the company were exchanged, compared to its average volume of 938,119. The stock has a fifty day moving average price of $30.06 and a 200-day moving average price of $31.69. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 3.08 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44.

Wall Street Analysts Forecast Growth

TDC has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research report on Tuesday. TD Cowen dropped their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Northland Securities reduced their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, UBS Group boosted their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.91.

View Our Latest Report on TDC

Insider Transactions at Teradata

In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on 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 approximately $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

About Teradata

(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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