Teradata (TDC) Issues Earnings Results, Beats Estimates By $0.05 EPS

Teradata (NYSE:TDC) announced its earnings results on Thursday. The technology company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05, Morningstar.com reports. Teradata had a negative net margin of 2.91% and a positive return on equity of 16.91%. The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $534.95 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year.

Shares of Teradata stock traded down $0.85 during trading hours on Friday, reaching $35.77. 2,942,900 shares of the company’s stock were exchanged, compared to its average volume of 1,143,078. Teradata has a fifty-two week low of $33.63 and a fifty-two week high of $44.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.79 and a quick ratio of 1.75. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 44.79, a P/E/G ratio of 4.46 and a beta of 1.07.

A number of research firms have recently commented on TDC. Barclays increased their price objective on shares of Teradata from $31.00 to $34.00 and gave the stock an “underweight” rating in a research note on Friday, September 7th. Zacks Investment Research downgraded shares of Teradata from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Stifel Nicolaus increased their price objective on shares of Teradata from $49.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Standpoint Research downgraded shares of Teradata from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Tuesday, July 24th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.09.

In other news, EVP Daniel L. Harrington sold 13,000 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $40.35, for a total transaction of $524,550.00. Following the completion of the transaction, the executive vice president now directly owns 92,995 shares in the company, valued at approximately $3,752,348.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.22% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. lifted its stake in Teradata by 924.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 3,628 shares of the technology company’s stock valued at $137,000 after purchasing an additional 3,274 shares during the last quarter. Everett Harris & Co. CA acquired a new stake in Teradata in the 2nd quarter valued at about $201,000. Seven Eight Capital LP acquired a new stake in Teradata in the 3rd quarter valued at about $249,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Teradata in the 3rd quarter valued at about $250,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Teradata in the 1st quarter valued at about $251,000. Institutional investors own 99.10% of the company’s stock.

Teradata Company Profile

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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Earnings History for Teradata (NYSE:TDC)

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