Teradyne (TER) Set to Announce Earnings on Wednesday

Teradyne (NASDAQ:TER) is set to post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Teradyne to post earnings of $0.78 per share for the quarter. Teradyne has set its Q3 2024 guidance at 0.660-0.860 EPS and its Q3 guidance at $0.66-0.86 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. On average, analysts expect Teradyne to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Teradyne Trading Down 0.1 %

Shares of TER opened at $125.93 on Tuesday. The business’s 50-day moving average price is $130.31 and its 200 day moving average price is $131.77. The stock has a market capitalization of $20.55 billion, a P/E ratio of 41.42, a P/E/G ratio of 2.58 and a beta of 1.49. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s dividend payout ratio is currently 15.79%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TER. Susquehanna lifted their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Citigroup dropped their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Hold” and a consensus price target of $142.57.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.