Teradata (NYSE:TDC) Releases Q2 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.460-0.500 for the period, compared to the consensus earnings per share estimate of 0.500. The company issued revenue guidance of -. Teradata also updated its FY 2024 guidance to 2.150-2.310 EPS.

Analyst Ratings Changes

A number of equities research analysts recently commented on TDC shares. Barclays lowered 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. Citigroup raised their price objective on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a research note 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. Bank of America downgraded Teradata from a neutral rating to an underperform rating and dropped their price target for the stock from $48.00 to $39.00 in a research report on Tuesday. Finally, Royal Bank of Canada reduced their price objective on Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $49.90.

Teradata Trading Down 0.1 %

NYSE:TDC traded down $0.04 during trading hours on Wednesday, reaching $32.68. 950,786 shares of the company were exchanged, compared to its average volume of 1,135,920. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 1.64 and a beta of 0.95. The stock has a 50 day simple moving average of $37.66 and a 200 day simple moving average of $42.21. Teradata has a 52-week low of $31.61 and a 52-week high of $57.73. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86.

Teradata (NYSE:TDC) last issued its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share 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 return on equity of 58.25% and a net margin of 3.38%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, analysts predict that Teradata will post 1.27 EPS for the current year.

Insider Buying and Selling

In other news, insider Hillary Ashton sold 9,743 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, 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 SEC, which is accessible through this hyperlink. In other news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the transaction, the insider now directly owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the firm’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 directly owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is currently owned by corporate 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.