Wall Street brokerages predict that Teradata (NYSE:TDC) will announce sales of $496.10 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Teradata’s earnings, with estimates ranging from $490.00 million to $502.02 million. Teradata posted sales of $491.00 million in the same quarter last year, which suggests a positive year over year growth rate of 1%. The business is expected to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Teradata will report full year sales of $496.10 million for the current fiscal year, with estimates ranging from $2.15 billion to $2.19 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.22 billion per share, with estimates ranging from $2.17 billion to $2.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Teradata.
Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.18. Teradata had a negative net margin of 3.11% and a positive return on equity of 15.54%. The firm had revenue of $626.00 million for the quarter, compared to the consensus estimate of $610.50 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis.
Several research firms have commented on TDC. Sanford C. Bernstein upgraded shares of Teradata from an “underperform” rating to a “market perform” rating in a report on Monday, March 5th. ValuEngine upgraded shares of Teradata from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research downgraded shares of Teradata from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Bank of America decreased their price objective on shares of Teradata from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, Wells Fargo upped their price objective on shares of Teradata from $27.50 to $30.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.82.
In related news, General Counsel Laura K. Nyquist sold 52,379 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $41.52, for a total value of $2,174,776.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James M. Ringler sold 7,496 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $41.85, for a total transaction of $313,707.60. The disclosure for this sale can be found here. Insiders sold 67,371 shares of company stock worth $2,761,638 over the last 90 days. 1.22% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. bought a new stake in Teradata during the fourth quarter worth about $175,000. Oppenheimer & Co. Inc. bought a new stake in Teradata during the fourth quarter worth about $207,000. ARP Americas LP bought a new stake in Teradata during the fourth quarter worth about $238,000. Sciencast Management LP bought a new stake in Teradata during the fourth quarter worth about $241,000. Finally, Price Capital Management Inc. bought a new stake in Teradata during the fourth quarter worth about $242,000. Institutional investors and hedge funds own 97.94% of the company’s stock.
NYSE:TDC opened at $39.37 on Friday. Teradata has a one year low of $27.05 and a one year high of $42.84. The firm has a market capitalization of $4,861.70, a price-to-earnings ratio of 48.60, a P/E/G ratio of 12.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.62 and a current ratio of 1.65.
Teradata declared that its board has approved a stock buyback plan on Thursday, February 8th that allows the company to repurchase $310.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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