Teradata (NYSE:TDC) Issues Earnings Results

Teradata (NYSE:TDC) announced its earnings results on Monday. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16, Briefing.com reports. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.20 earnings per share. Teradata updated its Q3 guidance to $0.54-0.58 EPS and its FY24 guidance to $2.20-2.26 EPS.

Teradata Stock Performance

Teradata stock traded down $1.30 during mid-day trading on Monday, hitting $29.16. The company had a trading volume of 977,394 shares, compared to its average volume of 1,005,583. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 9.83. Teradata has a 12-month low of $29.00 and a 12-month high of $56.12. The company’s fifty day moving average is $33.07 and its 200-day moving average is $36.96. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 70.29, a P/E/G ratio of 2.07 and a beta of 0.84.

Analysts Set New Price Targets

A number of equities analysts have commented on TDC shares. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of Teradata in a report on Tuesday, June 25th. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Bank of America lowered Teradata from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $48.00 to $39.00 in a research note on Tuesday, May 7th. UBS Group initiated coverage on Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. Finally, Barclays dropped their price target on Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.25.

Insiders Place Their Bets

In other Teradata 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 legal filing with the SEC, which is available at the SEC website. In other 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 transaction of $609,760.00. Following the completion of the transaction, the insider now directly owns 55,190 shares of the company’s stock, valued at approximately $1,819,062.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $31.95, for a total value of $319,500.00. Following the transaction, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

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.