Analysts forecast that Teradata Co. (NYSE:TDC) will announce $487.66 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Teradata’s earnings, with the lowest sales estimate coming in at $469.00 million and the highest estimate coming in at $516.18 million. Teradata reported sales of $544.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.4%. The firm is expected to issue its next quarterly earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Teradata will report full year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.97 billion to $2.04 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.05 billion, with estimates ranging from $2.01 billion to $2.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Teradata.
Teradata (NYSE:TDC) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Teradata had a return on equity of 20.91% and a net margin of 1.27%. The business had revenue of $468.00 million during the quarter, compared to analysts’ expectations of $487.57 million. During the same period in the prior year, the business earned $0.19 EPS. Teradata’s revenue for the quarter was down 7.5% compared to the same quarter last year.
A number of brokerages have recently weighed in on TDC. TheStreet lowered Teradata from a “b-” rating to a “c” rating in a research report on Friday, May 3rd. Barclays reaffirmed a “sell” rating and set a $33.00 price target on shares of Teradata in a research report on Sunday, May 5th. Zacks Investment Research cut Teradata from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 price target (up previously from $40.00) on shares of Teradata in a research report on Friday, February 8th. Finally, Cowen upped their price target on Teradata from $51.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Teradata presently has a consensus rating of “Hold” and a consensus target price of $48.13.
NYSE:TDC traded up $0.53 during trading hours on Thursday, reaching $36.86. 712,816 shares of the stock were exchanged, compared to its average volume of 1,207,735. Teradata has a twelve month low of $34.06 and a twelve month high of $49.42. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 1.19. The company has a market cap of $4.46 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97.
In other news, CFO Mark Culhane acquired 1,400 shares of Teradata stock in a transaction dated Monday, May 6th. The shares were purchased at an average cost of $39.35 per share, for a total transaction of $55,090.00. Following the transaction, the chief financial officer now owns 57,485 shares of the company’s stock, valued at $2,262,034.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lisa R. Bacus sold 12,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $48.04, for a total value of $576,480.00. Following the transaction, the director now owns 22,486 shares in the company, valued at $1,080,227.44. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its position in shares of Teradata by 3,695.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock worth $47,000 after acquiring an additional 1,765,956 shares in the last quarter. Norges Bank purchased a new position in Teradata during the fourth quarter valued at $59,216,000. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in Teradata by 1,439.4% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,061,684 shares of the technology company’s stock valued at $46,342,000 after purchasing an additional 992,716 shares in the last quarter. First Trust Advisors LP lifted its position in Teradata by 35.0% during the first quarter. First Trust Advisors LP now owns 2,912,423 shares of the technology company’s stock valued at $127,127,000 after purchasing an additional 754,396 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Teradata during the fourth quarter valued at $27,431,000. Institutional investors own 96.26% of the company’s stock.
Teradata Company Profile
Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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