Teradata (NYSE:TDC) Updates 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 Ratings Changes

Several brokerages have issued reports on TDC. Evercore ISI reduced their price target on shares of Teradata from $58.00 to $46.00 and set an outperform rating on the stock in a report on Tuesday. StockNews.com cut Teradata from a strong-buy rating to a buy rating in a report on Friday, April 12th. Barclays decreased their price objective on Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a research note on Tuesday. Royal Bank of Canada cut their target price on shares of Teradata from $48.00 to $44.00 and set a sector perform rating for the company in a research note on Tuesday. Finally, Morgan Stanley cut shares of Teradata from an overweight rating to an equal weight rating and decreased their price target for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. 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, Teradata has a consensus rating of Hold and a consensus target price of $49.90.

Teradata Trading Down 0.1 %

Shares of TDC traded down $0.02 during trading hours on Wednesday, hitting $32.70. The stock had a trading volume of 1,748,447 shares, compared to its average volume of 1,145,332. 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 12-month low of $31.61 and a 12-month high of $57.73. The firm has a market cap of $3.19 billion, a P/E ratio of 53.64, a P/E/G ratio of 1.64 and a beta of 0.95. The company’s fifty day simple moving average is $37.66 and its 200 day simple moving average is $42.21.

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

Insider Buying and Selling

In other news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 9,743 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock valued at $2,903,644 in the last quarter. Company 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.