Teradata (NYSE:TDC) Issues Q3 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its third quarter earnings guidance on Monday morning. 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 Stock Performance

Shares of Teradata stock traded down $1.31 during trading on Monday, hitting $29.15. 965,424 shares of the stock were exchanged, compared to its average volume of 1,003,848. The company has a debt-to-equity ratio of 9.83, a quick ratio of 0.77 and a current ratio of 0.78. The stock’s fifty day moving average is $33.07 and its 200 day moving average is $36.96. The stock has a market cap of $2.82 billion, a PE ratio of 70.29, a P/E/G ratio of 2.07 and a beta of 0.84. Teradata has a 12 month low of $29.01 and a 12 month high of $56.12.

Teradata (NYSE:TDC) last released its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teradata will post 1.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TDC. Evercore ISI dropped their target price on Teradata from $58.00 to $46.00 and set an outperform rating on the stock in a report on Tuesday, May 7th. Barclays dropped their price target on shares of Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a research note on Tuesday, May 7th. StockNews.com cut Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. UBS Group initiated coverage on Teradata in a research note on Friday, July 19th. They issued a sell rating and a $32.00 price target for the company. Finally, TD Cowen cut their price objective on shares of Teradata from $46.00 to $40.00 and set a hold rating for the company in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Teradata has a consensus rating of Hold and an average target price of $49.25.

Insider Buying and Selling

In related news, CEO Stephen Mcmillan sold 10,000 shares of the business’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 completion of the sale, the chief executive officer now owns 393,579 shares in the company, valued at approximately $12,574,849.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradata news, insider Michael D. Hutchinson sold 18,500 shares of the business’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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 10,000 shares of the business’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 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.

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.