$615.18 Million in Sales Expected for Teradyne, Inc. (NYSE:TER) This Quarter

Equities analysts forecast that Teradyne, Inc. (NYSE:TER) will report sales of $615.18 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Teradyne’s earnings. The lowest sales estimate is $610.00 million and the highest is $618.72 million. Teradyne reported sales of $519.56 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.4%. The firm is expected to report its next quarterly earnings results on Wednesday, January 22nd.

On average, analysts expect that Teradyne will report full-year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.25 billion to $2.26 billion. For the next financial year, analysts anticipate that the company will post sales of $2.51 billion, with estimates ranging from $2.44 billion to $2.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Teradyne.

Teradyne (NYSE:TER) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $582.04 million during the quarter, compared to analysts’ expectations of $565.43 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share.

Several equities research analysts have issued reports on TER shares. Cowen raised their target price on Teradyne from $60.00 to $64.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Robert W. Baird raised their target price on Teradyne from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Deutsche Bank raised their target price on Teradyne from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on Teradyne from $53.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, Northland Securities reissued a “hold” rating on shares of Teradyne in a research note on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $58.09.

In other news, insider Walter G. Vahey sold 25,012 shares of Teradyne stock in a transaction on Friday, October 25th. The stock was sold at an average price of $63.62, for a total value of $1,591,263.44. Following the completion of the sale, the insider now directly owns 52,754 shares of the company’s stock, valued at $3,356,209.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Bradley sold 7,074 shares of Teradyne stock in a transaction on Monday, October 28th. The shares were sold at an average price of $64.30, for a total value of $454,858.20. Following the completion of the sale, the director now directly owns 40,520 shares of the company’s stock, valued at $2,605,436. The disclosure for this sale can be found here. Insiders sold 46,234 shares of company stock valued at $2,922,166 over the last ninety days. Insiders own 0.49% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. acquired a new position in Teradyne during the 3rd quarter worth $258,000. Cetera Advisor Networks LLC grew its stake in Teradyne by 4.6% during the 3rd quarter. Cetera Advisor Networks LLC now owns 4,610 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 201 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Teradyne during the 3rd quarter worth $707,000. Rational Advisors LLC acquired a new position in Teradyne during the 3rd quarter worth $450,000. Finally, Catalyst Capital Advisors LLC grew its stake in Teradyne by 780.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 208,700 shares of the semiconductor company’s stock worth $12,085,000 after purchasing an additional 185,000 shares in the last quarter.

TER stock traded down $0.95 during midday trading on Friday, hitting $64.16. 2,259,088 shares of the company’s stock were exchanged, compared to its average volume of 2,289,960. The business has a 50-day simple moving average of $61.71 and a two-hundred day simple moving average of $52.79. The company has a current ratio of 4.10, a quick ratio of 3.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $10.76 billion, a PE ratio of 27.42, a P/E/G ratio of 2.02 and a beta of 1.25. Teradyne has a 1-year low of $28.73 and a 1-year high of $67.20.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Earnings History and Estimates for Teradyne (NYSE:TER)

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