Wall Street analysts forecast that Teradyne, Inc. (NYSE:TER) will post earnings per share of $0.86 for the current quarter, Zacks reports. Five analysts have made estimates for Teradyne’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.84. Teradyne posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year over year growth rate of 56.4%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Teradyne will report full year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.77 to $1.94. For the next fiscal year, analysts forecast that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $1.85 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.06. Teradyne had a negative net margin of 0.46% and a positive return on equity of 18.34%. The firm had revenue of $457 million during the quarter, compared to analysts’ expectations of $440.96 million. During the same period last year, the business earned $0.31 earnings per share. Teradyne’s revenue was up 6.0% compared to the same quarter last year.
A number of research analysts have recently commented on TER shares. Robert W. Baird started coverage on shares of Teradyne in a research note on Monday, April 3rd. They set an “outperform” rating and a $37.00 price objective for the company. BidaskClub downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Needham & Company LLC upped their price objective on shares of Teradyne from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Deutsche Bank AG upped their price objective on shares of Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Finally, Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Teradyne currently has a consensus rating of “Buy” and an average target price of $31.71.
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In other news, Director Mercedes Johnson sold 8,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $35.07, for a total transaction of $280,560.00. Following the completion of the transaction, the director now directly owns 14,773 shares in the company, valued at approximately $518,089.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel W. Christman sold 3,232 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.65, for a total value of $115,220.80. Following the transaction, the director now owns 30,163 shares of the company’s stock, valued at $1,075,310.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,467 shares of company stock valued at $721,961. Company insiders own 0.62% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its position in Teradyne by 0.7% in the first quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock valued at $386,000 after buying an additional 82 shares during the period. Utah Retirement Systems boosted its position in Teradyne by 0.3% in the first quarter. Utah Retirement Systems now owns 36,957 shares of the semiconductor company’s stock valued at $1,149,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC boosted its position in Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 101 shares during the period. Arizona State Retirement System boosted its position in Teradyne by 0.4% in the first quarter. Arizona State Retirement System now owns 83,300 shares of the semiconductor company’s stock valued at $2,591,000 after buying an additional 348 shares during the period. Finally, State Treasurer State of Michigan boosted its position in Teradyne by 0.5% in the first quarter. State Treasurer State of Michigan now owns 81,400 shares of the semiconductor company’s stock valued at $2,532,000 after buying an additional 400 shares during the period. Institutional investors own 93.55% of the company’s stock.
Shares of Teradyne (TER) opened at 33.97 on Monday. The company’s 50-day moving average is $33.97 and its 200 day moving average is $30.58. Teradyne has a 52-week low of $19.43 and a 52-week high of $36.59. The firm’s market capitalization is $6.76 billion.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Thursday, June 1st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, May 30th. Teradyne’s dividend payout ratio (DPR) is currently -699.83%.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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