Teradata (NYSE:TDC) Issues Q2 Earnings Guidance

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

Teradata Price Performance

TDC stock traded up $0.37 during midday trading on Thursday, hitting $33.07. 161,693 shares of the stock were exchanged, compared to its average volume of 1,134,054. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 1.64 and a beta of 0.95. Teradata has a fifty-two week low of $31.61 and a fifty-two week high of $57.73. The stock’s 50-day moving average price is $37.58 and its 200-day moving average price is $42.14.

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

Wall Street Analysts Forecast Growth

TDC has been the topic of several recent research reports. JMP Securities reduced their price objective on Teradata from $72.00 to $60.00 and set a market outperform rating on the stock in a research report on Tuesday. 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. TD Cowen reduced their price target on Teradata from $46.00 to $40.00 and set a hold rating on the stock in a research note on Tuesday. Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and dropped their target price for the company from $74.00 to $48.00 in a research note on Tuesday, February 13th. Finally, Bank of America cut Teradata from a neutral rating to an underperform rating and lowered their price target for the company from $48.00 to $39.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $49.90.

Insider Activity

In other news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was 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 of the company’s stock, valued at $4,793,744.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction on 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 directly owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. Company insiders own 0.86% 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.