Teradata (NYSE:TDC) Releases Q3 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.540-0.580 for the period, compared to the consensus estimate of 0.490. The company issued revenue guidance of -. Teradata also updated its FY 2024 guidance to 2.200-2.260 EPS.

Teradata Stock Down 12.3 %

Shares of Teradata stock traded down $3.58 on Tuesday, reaching $25.57. 1,770,089 shares of the company were exchanged, compared to its average volume of 1,010,710. Teradata has a 1-year low of $24.10 and a 1-year high of $56.12. The company has a market cap of $2.47 billion, a P/E ratio of 60.45, a price-to-earnings-growth ratio of 2.07 and a beta of 0.84. The company has a debt-to-equity ratio of 9.83, a current ratio of 0.78 and a quick ratio of 0.77. The stock’s 50 day moving average price is $33.02 and its 200-day moving average price is $36.83.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The business’s revenue for the quarter 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. As a group, equities analysts forecast that Teradata will post 1.15 EPS for the current year.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of research reports. Evercore ISI reduced their price objective on Teradata from $46.00 to $34.00 and set an outperform rating for the company in a research note on Tuesday. TD Cowen reduced their price objective on Teradata from $37.00 to $29.00 and set a hold rating for the company in a research note on Tuesday. Guggenheim restated a buy rating and set a $60.00 price target on shares of Teradata in a research note on Tuesday, June 25th. Royal Bank of Canada cut their price target on Teradata from $40.00 to $32.00 and set a sector perform rating for the company in a research note on Tuesday. Finally, StockNews.com cut Teradata from a strong-buy rating to a buy rating in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Teradata currently has a consensus rating of Hold and a consensus target price of $42.50.

Insider Buying and Selling

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