Teradata (NYSE:TDC) Releases FY24 Earnings Guidance

Teradata (NYSE:TDC) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.20-2.26 for the period, compared to the consensus estimate of $2.18. Teradata also updated its Q3 guidance to $0.54-0.58 EPS.

Teradata Stock Performance

TDC stock traded down $1.31 during trading hours on Monday, hitting $29.15. 965,424 shares of the stock were exchanged, compared to its average volume of 1,005,533. 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 $29.01 and a 12 month high of $56.12. The firm has a market capitalization of $2.82 billion, a P/E ratio of 70.29, a P/E/G ratio of 2.07 and a beta of 0.84. The company has a 50-day simple moving average of $33.07 and a two-hundred day simple moving average of $36.96.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. Teradata had a return on equity of 70.34% and a net margin of 2.31%. Teradata’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. On average, analysts forecast that Teradata will post 1.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TDC. Guggenheim reiterated a buy rating and issued a $60.00 price target on shares of Teradata in a report on Tuesday, June 25th. UBS Group began coverage on Teradata in a research report on Friday, July 19th. They set a sell rating and a $32.00 target price for the company. Evercore ISI decreased their target price on shares of Teradata from $58.00 to $46.00 and set an outperform rating on the stock in a report on Tuesday, May 7th. Bank of America lowered shares of Teradata from a neutral rating to an underperform rating and reduced their price target for the company from $48.00 to $39.00 in a research report on Tuesday, May 7th. Finally, StockNews.com downgraded Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $49.25.

Insider Buying and Selling

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction 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 directly owns 393,579 shares in the company, valued at approximately $12,574,849.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Michael D. Hutchinson sold 18,500 shares of Teradata stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the sale, the insider now owns 55,190 shares of the company’s stock, valued at approximately $1,819,062.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction 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 owns 393,579 shares in the company, valued at $12,574,849.05. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

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.