Teradata (NYSE:TDC) Issues Q4 2021 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $0.250-$0.290 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.220. The company issued revenue guidance of -.Teradata also updated its FY 2021 guidance to $2.110-$2.150 EPS.

NYSE:TDC traded up $0.79 during trading hours on Thursday, hitting $45.01. 701,788 shares of the stock were exchanged, compared to its average volume of 1,557,534. The company’s 50 day moving average is $53.39 and its two-hundred day moving average is $50.66. Teradata has a twelve month low of $21.07 and a twelve month high of $59.58. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.88 billion, a P/E ratio of 42.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Thursday, November 4th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. Teradata had a return on equity of 39.29% and a net margin of 6.16%. The firm had revenue of $460.00 million for the quarter, compared to the consensus estimate of $455.45 million. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts expect that Teradata will post 1.39 EPS for the current year.

Several research analysts have issued reports on TDC shares. Morgan Stanley reaffirmed a buy rating on shares of Teradata in a report on Friday, November 5th. Bank of America dropped their target price on shares of Teradata from $75.00 to $71.00 and set a buy rating for the company in a research report on Friday, September 10th. Cowen upped their target price on shares of Teradata from $43.00 to $50.00 and gave the company a market perform rating in a research report on Friday, September 10th. Royal Bank of Canada upped their target price on shares of Teradata from $50.00 to $58.00 and gave the company a sector perform rating in a research report on Friday, September 10th. Finally, Credit Suisse Group began coverage on shares of Teradata in a research report on Tuesday, November 16th. They set an underperform rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradata has a consensus rating of Buy and a consensus price target of $63.22.

In other Teradata news, insider Margaret A. Treese sold 2,304 shares of the stock in a transaction dated Friday, October 15th. The stock was sold at an average price of $57.68, for a total transaction of $132,894.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy C. K. Chou sold 2,729 shares of the stock in a transaction dated Friday, October 22nd. The stock was sold at an average price of $59.00, for a total value of $161,011.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,761 shares of company stock valued at $444,300. 0.92% of the stock is owned by corporate insiders.

An institutional investor recently raised its position in Teradata stock. Morgan Stanley lifted its holdings in shares of Teradata Co. (NYSE:TDC) by 60.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,627 shares of the technology company’s stock after buying an additional 121,822 shares during the period. Morgan Stanley owned about 0.30% of Teradata worth $16,171,000 at the end of the most recent quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Teradata Company Profile

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

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