Equities analysts expect Teradyne, Inc. (NYSE:TER) to announce $0.79 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Teradyne’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.77. Teradyne posted earnings of $0.63 per share during the same quarter last year, which indicates a positive year over year growth rate of 25.4%. The business is expected to announce its next earnings report on Wednesday, January 22nd.
According to Zacks, analysts expect that Teradyne will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.73 to $2.77. For the next year, analysts anticipate that the business will report earnings of $3.20 per share, with EPS estimates ranging from $3.05 to $3.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Teradyne.
Teradyne (NYSE:TER) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business had revenue of $582.04 million during the quarter, compared to analysts’ expectations of $565.43 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis.
TER has been the subject of several research reports. Credit Suisse Group increased their target price on shares of Teradyne from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Citigroup increased their price target on shares of Teradyne from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Saturday, September 7th. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price target on shares of Teradyne in a research report on Tuesday, December 3rd. Finally, UBS Group increased their price target on shares of Teradyne from $47.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Teradyne has an average rating of “Hold” and a consensus price target of $58.44.
Shares of NYSE TER traded up $0.28 during mid-day trading on Friday, hitting $66.69. The company had a trading volume of 1,110,774 shares, compared to its average volume of 2,273,827. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The business’s 50-day simple moving average is $63.66 and its 200-day simple moving average is $54.90. Teradyne has a 12 month low of $28.73 and a 12 month high of $67.37. The firm has a market cap of $11.18 billion, a P/E ratio of 28.50, a PEG ratio of 2.02 and a beta of 1.25.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 27th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, November 26th. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
In other news, Director Michael A. Bradley sold 14,148 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $61.92, for a total transaction of $876,044.16. Following the completion of the sale, the director now owns 56,594 shares of the company’s stock, valued at $3,504,300.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider King Wallace 362,138 shares of the company’s stock in a transaction on Tuesday, November 26th. Insiders sold 46,234 shares of company stock valued at $2,922,166 in the last three months. Company insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new stake in shares of Teradyne during the second quarter worth approximately $39,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Teradyne by 35.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,063 shares of the semiconductor company’s stock worth $62,000 after buying an additional 281 shares in the last quarter. Smithfield Trust Co. increased its holdings in shares of Teradyne by 1,670.6% during the third quarter. Smithfield Trust Co. now owns 1,505 shares of the semiconductor company’s stock worth $87,000 after buying an additional 1,420 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Teradyne during the second quarter worth approximately $91,000. Finally, Captrust Financial Advisors increased its holdings in shares of Teradyne by 10.3% during the second quarter. Captrust Financial Advisors now owns 2,391 shares of the semiconductor company’s stock worth $115,000 after buying an additional 224 shares in the last quarter.
Teradyne Company Profile
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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