Teradata (NYSE:TDC) Issues Earnings Results

Teradata (NYSE:TDC) issued its quarterly earnings data on Monday. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02, Briefing.com reports. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis.

Teradata Stock Performance

Shares of TDC opened at $32.72 on Wednesday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 1.64 and a beta of 0.95. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. Teradata has a 1 year low of $31.61 and a 1 year high of $57.73. The company’s 50 day simple moving average is $37.66 and its 200 day simple moving average is $42.21.

Insider Buying and Selling at Teradata

In other news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the sale, the chief executive officer now owns 528,302 shares in the company, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Teradata 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 owns 156,704 shares in the company, valued at approximately $5,868,564.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The disclosure for this sale can be found here. In the last three months, insiders sold 76,615 shares of company stock worth $2,903,644. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TDC shares. Barclays reduced their price objective on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Tuesday. StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Bank of America cut Teradata from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $48.00 to $39.00 in a research note on Tuesday. JMP Securities cut their price target on Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a research note on Tuesday. Finally, TD Cowen cut their price target on Teradata from $46.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.90.

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.