Teradata (NYSE:TDC) Updates FY 2024 Earnings Guidance

Teradata (NYSE:TDC) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 2.300-2.340 for the period, compared to the consensus EPS estimate of 2.250. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its Q4 guidance to $0.40-$0.44 EPS.

Teradata Stock Up 2.8 %

Shares of Teradata stock traded up $0.81 during trading on Wednesday, reaching $29.28. The stock had a trading volume of 700,551 shares, compared to its average volume of 941,491. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 3.10 and a beta of 0.80. The stock has a fifty day moving average price of $30.07 and a two-hundred day moving average price of $31.64. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. Teradata has a 52 week low of $24.02 and a 52 week high of $49.44.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 160.68%. The firm had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $417.71 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts predict that Teradata will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TDC shares. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a report on Tuesday. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Evercore ISI increased their target price on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. UBS Group lifted their price target on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, TD Cowen cut their price target on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.91.

Insider Buying and Selling

In related news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Teradata Company Profile

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.