Teradata (TDC) Scheduled to Post Quarterly Earnings on Monday

Teradata (NYSE:TDC) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Teradata has set its Q1 guidance at $0.53-0.57 EPS and its FY24 guidance at $2.15-2.31 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Teradata (NYSE:TDC) last issued its earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $457.00 million during the quarter, compared to the consensus estimate of $455.84 million. During the same period in the previous year, the firm posted $0.05 earnings per share. Teradata’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect Teradata to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Teradata Stock Performance

Shares of TDC stock opened at $37.24 on Friday. 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 business has a 50 day moving average of $37.75 and a two-hundred day moving average of $42.42. Teradata has a 52 week low of $35.36 and a 52 week high of $57.73. The company has a market cap of $3.64 billion, a P/E ratio of 61.05, a PEG ratio of 1.65 and a beta of 0.95.

Insider Activity

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Stephen Mcmillan sold 40,597 shares of the business’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 transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a filing with the SEC, which is available at 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 owns 127,595 shares in the company, valued at $4,793,744.15. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock worth $2,903,644 over the last 90 days. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

TDC has been the topic of several analyst reports. Morgan Stanley cut Teradata from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Royal Bank of Canada reduced their price objective on shares of Teradata from $59.00 to $48.00 and set a “sector perform” rating for the company in a report on Tuesday, February 13th. Barclays lowered their target price on shares of Teradata from $43.00 to $39.00 and set an “underweight” rating on the stock in a research note on Monday, April 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Teradata in a research note on Tuesday, February 13th. Finally, Bank of America cut Teradata from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $48.00 in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

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.