Teradata (NYSE:TDC) Issues Q2 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.460-0.500 for the period, compared to the consensus estimate of 0.500. The company issued revenue guidance of -. Teradata also updated its FY 2024 guidance to 2.150-2.310 EPS.

Teradata Trading Down 0.1 %

Shares of Teradata stock traded down $0.04 during midday trading on Wednesday, reaching $32.68. 950,786 shares of the company’s stock traded hands, compared to its average volume of 1,135,920. The stock has a 50 day moving average of $37.66 and a 200-day moving average of $42.21. The company has a market cap of $3.19 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. 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.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $461.93 million. During the same quarter last year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts expect that Teradata will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDC has been the subject of a number of recent analyst reports. 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 report on Tuesday. Citigroup raised their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 12th. Barclays dropped their price target on Teradata from $39.00 to $35.00 and set an underweight rating on the stock in a research note on Tuesday. TD Cowen reduced their price objective on Teradata from $46.00 to $40.00 and set a hold rating for the company in a research report on Tuesday. Finally, JMP Securities dropped their target price on Teradata from $72.00 to $60.00 and set a market outperform rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $49.90.

Insider Buying and Selling at Teradata

In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the transaction, the insider now directly owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of Teradata stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the sale, the insider now owns 127,595 shares in the company, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,615 shares of company stock worth $2,903,644. Insiders own 0.86% of the company’s stock.

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.