Wall Street brokerages predict that Teradyne, Inc. (NYSE:TER) will announce sales of $475.76 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Teradyne’s earnings. The lowest sales estimate is $473.06 million and the highest is $479.23 million. Teradyne posted sales of $456.91 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is expected to report its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Teradyne will report full year sales of $475.76 million for the current financial year, with estimates ranging from $2.19 billion to $2.28 billion. For the next financial year, analysts forecast that the company will report sales of $2.48 billion per share, with estimates ranging from $2.45 billion to $2.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The business had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $438.85 million. During the same period last year, the company posted $0.32 EPS. The company’s revenue was up 26.1% on a year-over-year basis.
A number of research analysts have recently weighed in on TER shares. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, November 28th. Goldman Sachs raised shares of Teradyne from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. ValuEngine raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. DA Davidson lifted their target price on shares of Teradyne to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus lifted their target price on shares of Teradyne from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.00.
In other news, CFO Gregory R. Beecher sold 71,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $46.57, for a total transaction of $3,320,441.00. Following the completion of the sale, the chief financial officer now directly owns 77,676 shares of the company’s stock, valued at approximately $3,617,371.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Charles Jeffrey Gray sold 5,040 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $47.25, for a total transaction of $238,140.00. Following the sale, the vice president now directly owns 31,593 shares of the company’s stock, valued at $1,492,769.25. The disclosure for this sale can be found here. Insiders have sold a total of 146,009 shares of company stock valued at $6,731,077 over the last three months. Corporate insiders own 0.62% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TER. Bronfman E.L. Rothschild L.P. grew its stake in shares of Teradyne by 2,678.1% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 4,044 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Teradyne during the 4th quarter valued at $156,000. Focused Wealth Management Inc purchased a new stake in shares of Teradyne during the 4th quarter valued at $163,000. Krilogy Financial LLC purchased a new stake in shares of Teradyne during the 3rd quarter valued at $179,000. Finally, We Are One Seven LLC purchased a new stake in shares of Teradyne during the 4th quarter valued at $179,000. 98.70% of the stock is owned by institutional investors.
Shares of Teradyne (TER) traded up $0.09 on Friday, hitting $49.23. 2,300,318 shares of the stock were exchanged, compared to its average volume of 2,692,100. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 5.00. Teradyne has a fifty-two week low of $29.68 and a fifty-two week high of $50.68. The stock has a market cap of $9,644.11, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11.
Teradyne announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. Teradyne’s payout ratio is currently 28.35%.
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Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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