Teradata (NYSE:TDC) Issues FY 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 2.150-2.310 for the period, compared to the consensus EPS estimate of 2.200. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its FY24 guidance to $2.15-2.31 EPS.

Teradata Stock Up 1.9 %

TDC traded up $0.72 during midday trading on Monday, reaching $37.96. 1,816,895 shares of the company were exchanged, compared to its average volume of 1,097,657. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 61.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. Teradata has a one year low of $35.36 and a one year high of $57.73. The company’s fifty day moving average price is $37.74 and its 200 day moving average price is $42.33. 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 (NYSE:TDC) last announced its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. Teradata’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. As a group, analysts expect that Teradata will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup increased their target price on shares of Teradata from $57.00 to $60.00 and gave the company a buy rating in a report on Monday, February 12th. Royal Bank of Canada decreased their price objective on shares of Teradata from $59.00 to $48.00 and set a sector perform rating for the company in a research note on Tuesday, February 13th. StockNews.com downgraded 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 buy rating to a neutral rating and decreased their price target for the company from $58.00 to $48.00 in a research report on Tuesday, February 13th. Finally, Barclays reduced their price objective on Teradata from $43.00 to $39.00 and set an underweight rating for the company in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $56.33.

Insider Buying and Selling

In other Teradata news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction 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 sale, the insider now owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradata news, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,615 shares of company stock valued at $2,903,644. 0.92% of the stock is owned by insiders.

About Teradata

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.