Teradata (NYSE:TDC) Issues FY24 Earnings Guidance

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

Wall Street Analyst Weigh In

TDC has been the subject of a number of research analyst reports. Evercore ISI reduced their price target on shares of Teradata from $58.00 to $46.00 and set an outperform rating for the company in a research report on Tuesday, May 7th. Royal Bank of Canada dropped their price target on Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research report on Tuesday, May 7th. TD Cowen decreased their target price on Teradata from $46.00 to $40.00 and set a hold rating on the stock in a research report on Tuesday, May 7th. Barclays dropped their price objective on shares of Teradata from $39.00 to $35.00 and set an underweight rating for the company in a research note on Tuesday, May 7th. Finally, UBS Group started coverage on Teradata in a research note on Friday, July 19th. They issued a sell rating and a $32.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $49.25.

Teradata Trading Down 4.3 %

NYSE:TDC traded down $1.30 during trading hours on Monday, hitting $29.16. The company had a trading volume of 977,394 shares, compared to its average volume of 1,005,583. The company has a debt-to-equity ratio of 9.83, a current ratio of 0.78 and a quick ratio of 0.77. Teradata has a 52 week low of $29.00 and a 52 week high of $56.12. The stock has a 50-day moving average price of $33.07 and a 200 day moving average price of $36.96. The company has a market capitalization of $2.82 billion, a PE ratio of 70.29, a price-to-earnings-growth ratio of 2.07 and a beta of 0.84.

Teradata (NYSE:TDC) last issued its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The business had revenue of $436.00 million during the quarter, compared to analyst estimates of $447.30 million. During the same quarter in the previous year, the firm earned $0.20 EPS. Teradata’s revenue was down 5.6% on a year-over-year basis. On average, equities research analysts predict that Teradata will post 1.15 EPS for the current fiscal year.

Insider Activity at Teradata

In other news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the transaction, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael D. Hutchinson sold 18,500 shares of the company’s stock in a transaction that occurred on 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 owns 55,190 shares in the company, valued at $1,819,062.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total value of $319,500.00. Following the completion of the transaction, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by 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.