Teradata (NYSE:TDC) Releases Q2 Earnings Guidance

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TDC. Citigroup upped their target price on Teradata from $57.00 to $60.00 and gave the stock a buy rating in a research note on Monday, February 12th. TD Cowen decreased their target price on Teradata from $46.00 to $40.00 and set a hold rating on the stock in a research note on Tuesday. Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and decreased their target price for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. Bank of America lowered Teradata from a neutral rating to an underperform rating and decreased their target price for the stock from $48.00 to $39.00 in a research note on Tuesday. Finally, StockNews.com lowered Teradata from a strong-buy rating to a buy rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Teradata presently has a consensus rating of Hold and an average price target of $49.90.

Teradata Price Performance

Shares of Teradata stock traded down $0.02 during trading on Wednesday, hitting $32.70. 1,748,447 shares of the stock traded hands, compared to its average volume of 1,145,332. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 1.64 and a beta of 0.95. The firm’s fifty day moving average is $37.66 and its 200-day moving average is $42.21. Teradata has a 52 week low of $31.61 and a 52 week high of $57.73.

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

Insider Activity at Teradata

In related 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 value of $1,551,617.34. Following the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the transaction, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock worth $2,903,644 in the last three months. 0.86% of the stock is owned by insiders.

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.