Teradata (NYSE:TDC) Updates FY 2024 Earnings Guidance

Teradata (NYSE:TDC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.150-2.310 for the period, compared to the consensus earnings per share estimate of 2.200. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its FY24 guidance to $2.15-2.31 EPS.

Wall Street Analyst Weigh In

TDC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Teradata from a strong-buy rating to a buy rating in a research report on Friday, April 12th. Citigroup boosted their target price on shares of Teradata from $57.00 to $60.00 and gave the stock a buy rating in a research report on Monday, February 12th. JMP Securities reiterated a market outperform rating and issued a $72.00 price objective on shares of Teradata in a research note on Tuesday, February 13th. Royal Bank of Canada decreased their target price on Teradata from $59.00 to $48.00 and set a sector perform rating for the company in a research note on Tuesday, February 13th. Finally, Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and cut their price target for the stock from $74.00 to $48.00 in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Teradata currently has a consensus rating of Hold and a consensus target price of $55.33.

Teradata Stock Performance

NYSE:TDC opened at $37.96 on Tuesday. The firm has a market capitalization of $3.71 billion, a PE ratio of 62.23, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. Teradata has a 12-month low of $35.36 and a 12-month high of $57.73. The firm has a 50-day moving average price of $37.75 and a 200 day moving average price of $42.29.

Teradata (NYSE:TDC) last issued its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $461.93 million. During the same period in the prior year, the firm posted $0.40 EPS. Teradata’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts anticipate that Teradata will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the transaction, the insider now directly owns 127,595 shares in the company, valued at $4,793,744.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, 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 available through this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were 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 owns 127,595 shares in the company, valued at approximately $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 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

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.