Teradata (NYSE:TDC) Releases Q4 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.400-0.440 for the period, compared to the consensus earnings per share estimate of 0.480. The company issued revenue guidance of -. Teradata also updated its FY 2024 guidance to 2.300-2.340 EPS.

Teradata Stock Down 12.4 %

NYSE TDC traded down $4.15 on Tuesday, reaching $29.23. The company had a trading volume of 987,353 shares, compared to its average volume of 934,142. The company’s fifty day moving average is $30.06 and its 200-day moving average is $31.69. Teradata has a 1-year low of $24.02 and a 1-year high of $49.44. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75.

Teradata (NYSE:TDC) last announced its earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.56 by $0.13. The business had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, research analysts forecast that Teradata will post 1.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TDC. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a report on Tuesday. Barclays cut their target price on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday. TD Cowen decreased their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, JMP Securities cut Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Teradata presently has an average rating of “Hold” and an average target price of $40.55.

Insider Activity

In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate 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.