Teradata (NYSE:TDC) Releases Q4 Earnings Guidance

Teradata (NYSE:TDC) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.40-$0.44 for the period, compared to the consensus earnings per share estimate of $0.48. Teradata also updated its FY 2024 guidance to 2.300-2.340 EPS.

Analyst Ratings Changes

A number of equities research analysts recently commented on TDC shares. Evercore ISI upped their target price on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. TD Cowen cut their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Teradata in a report on Tuesday. UBS Group upped their price target on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday. Finally, Northland Securities reduced their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.91.

Teradata Price Performance

Shares of Teradata stock traded up $0.90 on Wednesday, reaching $29.37. The company’s stock had a trading volume of 604,328 shares, compared to its average volume of 940,919. Teradata has a 52-week low of $24.02 and a 52-week high of $49.44. The company has a market capitalization of $2.82 billion, a P/E ratio of 33.89, a PEG ratio of 3.10 and a beta of 0.80. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. The stock has a 50-day moving average price of $30.07 and a 200-day moving average price of $31.64.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 160.68%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Analysts expect that Teradata will post 1.3 EPS for the current year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by 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.