Teradata (NYSE:TDC) Issues Q4 Earnings Guidance

Teradata (NYSE:TDC) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.40-$0.44 for the period, compared to the consensus earnings per share estimate of $0.48. Teradata also updated its FY 2024 guidance to 2.300-2.340 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Northland Securities lowered their price target on Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Morgan Stanley cut their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. UBS Group began coverage on Teradata in a research note on Friday, July 19th. They issued a “sell” rating and a $32.00 target price for the company. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradata has a consensus rating of “Hold” and a consensus price target of $40.55.

Teradata Stock Performance

Shares of NYSE:TDC traded down $4.07 on Tuesday, hitting $29.31. The company’s stock had a trading volume of 852,725 shares, compared to its average volume of 933,513. The stock’s 50-day moving average is $30.06 and its two-hundred day moving average is $31.69. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 47.06, 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 has a 12 month low of $24.02 and a 12 month high of $49.44.

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

Insider Buying and Selling at Teradata

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

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.