Teradata (NYSE:TDC) Updates FY 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.150-2.310 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

TDC has been the subject of several recent research reports. StockNews.com lowered shares of Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. Evercore ISI reduced their price objective on Teradata from $58.00 to $46.00 and set an outperform rating for the company in a research note on Tuesday. Bank of America downgraded Teradata from a neutral rating to an underperform rating and lowered their target price for the company from $48.00 to $39.00 in a research report on Tuesday. Morgan Stanley cut Teradata from an overweight rating to an equal weight rating and reduced their price target for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Finally, Barclays lowered their price objective on Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $49.90.

Teradata Stock Performance

NYSE TDC opened at $32.70 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. Teradata has a twelve month low of $31.61 and a twelve month high of $57.73. The business has a 50-day moving average price of $37.58 and a 200-day moving average price of $42.14. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 53.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping 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 company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Teradata will post 1.27 EPS for the current fiscal year.

Insider Transactions at Teradata

In related news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the transaction, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of Teradata stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the sale, the insider now owns 127,595 shares of the company’s stock, valued at approximately $4,793,744.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, 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 valued at $2,903,644. 0.86% of the stock is currently owned by corporate 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.