Teradata (NYSE:TDC) Issues FY24 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $2.15-2.31 for the period, compared to the consensus EPS estimate of $2.21. Teradata also updated its FY 2024 guidance to 2.150-2.310 EPS.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America downgraded Teradata from a neutral rating to an underperform rating and dropped their price objective for the stock from $48.00 to $39.00 in a research note on Tuesday. Morgan Stanley cut shares of Teradata from an overweight rating to an equal weight rating and lowered their price objective for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. Citigroup raised their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 12th. JMP Securities cut their price objective on Teradata from $72.00 to $60.00 and set a market outperform rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada cut their target price on Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata currently has an average rating of Hold and an average target price of $49.90.

Teradata Stock Up 1.1 %

TDC stock traded up $0.37 during midday trading on Thursday, reaching $33.07. The company had a trading volume of 161,693 shares, compared to its average volume of 1,134,054. The company has a 50 day moving average of $37.58 and a two-hundred day moving average of $42.14. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. Teradata has a 1 year low of $31.61 and a 1 year high of $57.73. The company has a market capitalization of $3.23 billion, a P/E ratio of 53.74, a PEG ratio of 1.64 and a beta of 0.95.

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

Insider Buying and Selling

In related news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the sale, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the transaction, the insider now owns 127,595 shares in the company, valued at $4,793,744.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction on 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 owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,615 shares of company stock worth $2,903,644. Insiders own 0.86% of the company’s stock.

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.