Teradata (NYSE:TDC) Issues FY24 Earnings Guidance

Teradata (NYSE:TDCGet Free Report) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $2.15-2.31 for the period, compared to the consensus EPS estimate of $2.37. Teradata also updated its Q1 guidance to $0.53-0.57 EPS.

Teradata Price Performance

Shares of TDC traded down $0.20 during mid-day trading on Monday, reaching $48.79. The company had a trading volume of 1,375,711 shares, compared to its average volume of 773,625. The company’s 50 day simple moving average is $45.55 and its 200 day simple moving average is $45.87. Teradata has a 1-year low of $36.32 and a 1-year high of $57.73. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 79.98, a P/E/G ratio of 1.91 and a beta of 1.01.

Teradata (NYSE:TDCGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a net margin of 3.39% and a return on equity of 39.28%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $455.84 million. During the same period last year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts expect that Teradata will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

TDC has been the topic of several recent research reports. Citigroup lifted their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a research report on Monday. StockNews.com upgraded shares of Teradata from a buy rating to a strong-buy rating in a report on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teradata presently has a consensus rating of Moderate Buy and a consensus price target of $57.44.

Read Our Latest Stock Analysis on TDC

Insider Activity

In other Teradata news, CRO Todd Cione sold 29,251 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.31, for a total transaction of $1,266,860.81. Following the completion of the sale, the executive now owns 76,221 shares in the company, valued at approximately $3,301,131.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Teradata news, CRO Todd Cione sold 29,251 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.31, for a total transaction of $1,266,860.81. Following the completion of the sale, the executive now owns 76,221 shares in the company, valued at approximately $3,301,131.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 9,148 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $47.36, for a total transaction of $433,249.28. Following the sale, the insider now owns 79,801 shares of the company’s stock, valued at approximately $3,779,375.36. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teradata

A number of hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in shares of Teradata in the 4th quarter worth about $59,279,000. Norges Bank purchased a new position in shares of Teradata in the 4th quarter worth about $41,629,000. BlackRock Inc. boosted its holdings in shares of Teradata by 7.0% in the 1st quarter. BlackRock Inc. now owns 11,458,957 shares of the technology company’s stock worth $461,567,000 after buying an additional 748,428 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Teradata by 414.1% in the 1st quarter. Prudential Financial Inc. now owns 606,899 shares of the technology company’s stock worth $24,446,000 after buying an additional 488,838 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Teradata by 34.8% in the 4th quarter. AQR Capital Management LLC now owns 1,893,337 shares of the technology company’s stock worth $63,294,000 after buying an additional 488,522 shares during the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.

Teradata Company Profile

(Get Free Report)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

See Also

Earnings History and Estimates for Teradata (NYSE:TDC)

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