Teradata (NYSE:TDC) Releases Q2 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.46-0.50 for the period, compared to the consensus estimate of $0.50. Teradata also updated its FY 2024 guidance to 2.150-2.310 EPS.

Teradata Stock Down 12.7 %

Shares of NYSE:TDC traded down $4.82 during mid-day trading on Tuesday, hitting $33.14. 2,046,838 shares of the company traded hands, compared to its average volume of 1,109,456. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. Teradata has a 52-week low of $31.61 and a 52-week high of $57.73. The firm’s 50 day simple moving average is $37.75 and its 200 day simple moving average is $42.29. The firm has a market cap of $3.24 billion, a P/E ratio of 54.13, a PEG ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. On average, equities analysts anticipate that Teradata will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

TDC has been the topic of a number of recent analyst reports. Citigroup upped their target price on Teradata from $57.00 to $60.00 and gave the company a buy rating in a research report on Monday, February 12th. Barclays reduced their price objective on shares of Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a research note on Tuesday. Royal Bank of Canada reduced their price target on shares of Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research report on Tuesday. Bank of America lowered Teradata from a neutral rating to an underperform rating and lowered their price objective for the company from $48.00 to $39.00 in a report on Tuesday. Finally, Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and decreased their target price for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $53.11.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the sale, the insider now owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Hillary Ashton sold 9,743 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the sale, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock worth $2,903,644. 0.86% of the stock is owned by company insiders.

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.