Teradyne (TER) Set to Announce Earnings on Wednesday

Teradyne (NASDAQ:TER) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Teradyne to post earnings of $0.33 per share for the quarter. Teradyne has set its Q1 2024 guidance at 0.220-0.380 EPS and its Q1 guidance at $0.22-0.38 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, analysts expect Teradyne to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Teradyne Price Performance

Shares of Teradyne stock opened at $97.76 on Tuesday. Teradyne has a one year low of $81.07 and a one year high of $119.20. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 35.81 and a beta of 1.56. The business has a 50-day simple moving average of $105.25 and a 200 day simple moving average of $100.37.

Insider Transactions at Teradyne

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Ernest E. Maddock acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the transaction, the chief financial officer now owns 31,180 shares in the company, valued at approximately $3,277,018. The disclosure for this sale can be found here. Insiders have sold 11,797 shares of company stock worth $1,248,237 in the last 90 days. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI assumed coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target for the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.73.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.