Teradata (NYSE:TDC) Releases Q2 Earnings Guidance

Teradata (NYSE:TDC) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.46-0.50 for the period, compared to the consensus earnings per share estimate of $0.50. Teradata also updated its FY 2024 guidance to 2.150-2.310 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TDC shares. Citigroup boosted their price target on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 12th. StockNews.com downgraded Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. Morgan Stanley downgraded Teradata from an overweight rating to an equal weight rating and reduced their price objective for the company from $74.00 to $48.00 in a research note on Tuesday, February 13th. Bank of America cut shares of Teradata from a neutral rating to an underperform rating and lowered their target price for the stock from $48.00 to $39.00 in a research note on Tuesday. Finally, Royal Bank of Canada decreased their price target on shares of Teradata from $48.00 to $44.00 and set a sector perform rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $53.11.

Teradata Stock Down 13.0 %

Shares of NYSE TDC traded down $4.94 during midday trading on Tuesday, hitting $33.02. 2,250,963 shares of the company’s stock were exchanged, compared to its average volume of 1,111,690. The firm’s fifty day simple moving average is $37.75 and its 200-day simple moving average is $42.29. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $3.23 billion, a PE ratio of 54.13, a P/E/G ratio of 1.64 and a beta of 0.95. Teradata has a twelve month low of $31.61 and a twelve month high of $57.73.

Teradata (NYSE:TDC) last issued its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter in the prior year, the business posted $0.40 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts predict that Teradata will post 1.27 EPS for the current fiscal year.

Insider Activity

In other news, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now directly owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the transaction, the insider now directly owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the transaction, the insider now directly owns 127,595 shares in the company, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. In the last three months, insiders sold 76,615 shares of company stock valued at $2,903,644. Insiders own 0.86% of the company’s stock.

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.