Analysts expect that Teradyne (NYSE:TER) will post $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Teradyne’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.50. Teradyne posted earnings of $0.90 per share during the same quarter last year, which would indicate a negative year over year growth rate of 45.6%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Teradyne will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.84 to $1.96. For the next year, analysts anticipate that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.40 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Teradyne.
Teradyne (NYSE:TER) last released its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Teradyne had a net margin of 11.97% and a return on equity of 23.45%. The firm had revenue of $487.00 million during the quarter, compared to the consensus estimate of $478.77 million. During the same quarter in the prior year, the firm earned $0.61 EPS. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis.
A number of equities analysts have commented on the stock. UBS assumed coverage on shares of Teradyne in a research report on Wednesday, April 4th. They set a “neutral” rating and a $49.00 price objective for the company. Robert W. Baird upgraded shares of Teradyne from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 26th. ValuEngine upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Credit Suisse Group cut their price objective on shares of Teradyne from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, April 26th. Finally, DA Davidson downgraded shares of Teradyne from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $47.15.
TER stock traded up $0.15 on Thursday, hitting $38.33. The company’s stock had a trading volume of 178,289 shares, compared to its average volume of 5,160,528. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.51 and a quick ratio of 5.17. Teradyne has a 1 year low of $29.68 and a 1 year high of $50.68.
Teradyne declared that its board has authorized a share buyback program on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Teradyne by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 879,467 shares of the semiconductor company’s stock worth $40,200,000 after purchasing an additional 20,988 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Teradyne during the 1st quarter worth $734,000. Wesbanco Bank Inc. acquired a new position in shares of Teradyne during the 1st quarter worth $1,691,000. Xact Kapitalforvaltning AB grew its stake in shares of Teradyne by 58.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 25,320 shares of the semiconductor company’s stock worth $1,157,000 after purchasing an additional 9,300 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Teradyne by 127.6% during the 1st quarter. Legal & General Group Plc now owns 559,062 shares of the semiconductor company’s stock worth $25,555,000 after purchasing an additional 313,478 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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