Teradata Co. Expected to Earn Q2 2024 Earnings of $0.23 Per Share (NYSE:TDC)

Teradata Co. (NYSE:TDC) – Analysts at Zacks Research dropped their Q2 2024 EPS estimates for shares of Teradata in a report released on Monday, May 20th. Zacks Research analyst A. Ganguly now expects that the technology company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.26. The consensus estimate for Teradata’s current full-year earnings is $1.18 per share. Zacks Research also issued estimates for Teradata’s Q3 2024 earnings at $0.23 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.09 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $1.46 EPS, Q1 2026 earnings at $0.44 EPS and FY2026 earnings at $1.87 EPS.

A number of other analysts also recently weighed in on TDC. Evercore ISI cut their price target on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Bank of America downgraded Teradata from a “neutral” rating to an “underperform” rating and cut their price target for the company from $48.00 to $39.00 in a report on Tuesday, May 7th. Barclays cut their price target on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Finally, TD Cowen reduced their target price on shares of Teradata from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.90.

Teradata Stock Up 0.4 %

Shares of NYSE:TDC opened at $33.01 on Wednesday. Teradata has a 12 month low of $31.61 and a 12 month high of $57.73. The company’s 50-day moving average price is $36.65 and its two-hundred day moving average price is $41.48. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 9.83. The firm has a market cap of $3.19 billion, a P/E ratio of 78.58, a P/E/G ratio of 2.24 and a beta of 0.95.

Teradata (NYSE:TDC) last posted its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share.

Insider Activity at Teradata

In other news, insider Michael D. Hutchinson sold 18,500 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $32.96, for a total transaction of $609,760.00. Following the transaction, the insider now directly owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Teradata news, insider Michael D. Hutchinson sold 18,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $32.96, for a total value of $609,760.00. Following the completion of the sale, the insider now owns 55,190 shares in the company, valued at $1,819,062.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hillary Ashton sold 9,743 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. Insiders have sold 54,518 shares of company stock worth $1,961,787 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradata

Several hedge funds and other institutional investors have recently modified their holdings of TDC. Norges Bank purchased a new position in Teradata during the 4th quarter worth $54,332,000. Ariel Investments LLC acquired a new position in shares of Teradata in the 1st quarter valued at about $30,998,000. Federated Hermes Inc. lifted its holdings in shares of Teradata by 616.4% in the 4th quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock valued at $26,874,000 after buying an additional 531,440 shares during the period. Vanguard Group Inc. increased its stake in shares of Teradata by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock valued at $525,451,000 after purchasing an additional 496,702 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Teradata by 21.2% in the 3rd quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock valued at $116,419,000 after purchasing an additional 451,816 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

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.