Teradata (NYSE:TDC) posted its quarterly earnings results on Thursday. The technology company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06, Briefing.com reports. Teradata had a net margin of 1.07% and a return on equity of 23.03%. The business had revenue of $459.00 million for the quarter, compared to analysts’ expectations of $485.62 million. During the same period in the prior year, the company posted $0.36 EPS. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. Teradata updated its Q4 guidance to $0.13-0.18 EPS.
NYSE TDC traded down $5.71 during trading hours on Friday, reaching $25.41. The company’s stock had a trading volume of 12,394,579 shares, compared to its average volume of 1,178,967. The stock has a market cap of $3.47 billion, a PE ratio of 28.88, a PEG ratio of 1.66 and a beta of 1.19. Teradata has a fifty-two week low of $23.71 and a fifty-two week high of $49.42. The company’s 50-day moving average is $29.93 and its two-hundred day moving average is $34.21. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.26 and a current ratio of 1.31.
Teradata announced that its Board of Directors has approved a share buyback plan on Thursday, August 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts recently commented on the stock. Cowen cut shares of Teradata from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $53.00 to $29.00 in a research note on Friday. Morgan Stanley reissued a “buy” rating and issued a $53.00 price objective on shares of Teradata in a research note on Friday. Deutsche Bank lowered their price objective on shares of Teradata from $42.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, October 22nd. Bank of America cut shares of Teradata from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $48.00 to $33.00 in a research note on Friday. Finally, Royal Bank of Canada lowered their price objective on shares of Teradata to $40.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Teradata has a consensus rating of “Hold” and a consensus target price of $34.90.
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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