Teradata (NYSE:TDC) Issues FY 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.200-2.260 for the period, compared to the consensus EPS estimate of 2.180. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its Q3 2024 guidance to 0.540-0.580 EPS.

Analysts Set New Price Targets

A number of research firms recently weighed in on TDC. Morgan Stanley cut their target price on shares of Teradata from $44.00 to $30.00 and set an equal weight rating for the company in a report on Tuesday. JMP Securities downgraded shares of Teradata from an outperform rating to a market perform rating in a report on Tuesday. Bank of America cut shares of Teradata from a neutral rating to an underperform rating and decreased their target price for the company from $48.00 to $39.00 in a research report on Tuesday, May 7th. StockNews.com raised Teradata from a buy rating to a strong-buy rating in a research note on Tuesday. Finally, TD Cowen lowered their price objective on Teradata from $37.00 to $29.00 and set a hold rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average target price of $40.36.

Teradata Trading Up 0.3 %

Shares of TDC stock traded up $0.08 on Friday, reaching $25.20. 12,991 shares of the company’s stock were exchanged, compared to its average volume of 1,031,148. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 6.87. The stock has a market capitalization of $2.44 billion, a PE ratio of 59.81, a P/E/G ratio of 1.71 and a beta of 0.84. The company’s fifty day simple moving average is $32.61 and its 200 day simple moving average is $36.50.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm had revenue of $436.00 million during the quarter, compared to analyst estimates of $447.30 million. During the same period last year, the company earned $0.20 EPS. Teradata’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, analysts forecast that Teradata will post 1.15 EPS for the current year.

Insider Buying and Selling

In related news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $31.95, for a total transaction of $319,500.00. Following the completion of the sale, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at approximately $12,574,849.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is 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.