Teradata (NYSE:TDC) Issues Q4 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.40-$0.44 for the period, compared to the consensus EPS estimate of $0.48. Teradata also updated its FY 2024 guidance to 2.300-2.340 EPS.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TDC. Barclays cut their target price on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday. Northland Securities cut their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Morgan Stanley cut their target price on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Finally, TD Cowen lowered their price target on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.91.

Teradata Stock Down 1.2 %

Shares of TDC traded down $0.36 on Thursday, reaching $28.97. The stock had a trading volume of 306,744 shares, compared to its average volume of 942,659. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. Teradata has a 12-month low of $24.02 and a 12-month high of $49.44. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 3.10 and a beta of 0.80. The company has a 50-day simple moving average of $30.10 and a 200-day simple moving average of $31.62.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.56 by $0.13. The business had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. Teradata had a return on equity of 160.68% and a net margin of 4.56%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Sell-side analysts predict that Teradata will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.92% 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.