Teradata (NYSE:TDC) Issues FY 2024 Earnings Guidance

Teradata (NYSE:TDC) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 2.300-2.340 for the period, compared to the consensus earnings per share estimate of 2.250. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its Q4 guidance to $0.40-$0.44 EPS.

Teradata Stock Performance

Shares of Teradata stock traded down $4.18 during trading on Tuesday, reaching $29.20. The company’s stock had a trading volume of 1,084,359 shares, compared to its average volume of 934,595. The firm has a market cap of $2.81 billion, a PE ratio of 46.40, a P/E/G ratio of 3.08 and a beta of 0.80. The company has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $31.69. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TDC. Barclays lowered their price objective on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a research report on Tuesday. TD Cowen cut their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Northland Securities dropped their target price on Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. UBS Group started coverage on Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. Finally, StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Teradata presently has a consensus rating of “Hold” and a consensus target price of $40.55.

Insider Transactions at Teradata

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