Teradata (NYSE:TDC) Issues Q4 Earnings Guidance

Teradata (NYSE:TDC) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $0.40-$0.44 for the period, compared to the consensus EPS estimate of $0.48. Teradata also updated its FY 2024 guidance to 2.300-2.340 EPS.

Teradata Stock Down 12.2 %

Shares of NYSE:TDC traded down $4.07 during midday trading on Tuesday, reaching $29.31. 852,725 shares of the company were exchanged, compared to its average volume of 933,513. The firm has a market cap of $2.82 billion, a PE ratio of 47.06, a P/E/G ratio of 3.08 and a beta of 0.80. Teradata has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The stock has a fifty day simple moving average of $30.06 and a two-hundred day simple moving average of $31.69. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, sell-side analysts forecast that Teradata will post 1.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TDC shares. Morgan Stanley reduced their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Northland Securities decreased their price objective on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Barclays dropped their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Evercore ISI lifted their price objective on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.55.

Insider Activity

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company 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.