Teradata (NYSE:TDC) Updates Q3 2019 Earnings Guidance

Teradata (NYSE:TDC) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.38-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. Teradata also updated its FY 2019 guidance to $1.45-1.55 EPS.

Shares of NYSE:TDC traded down $2.70 during trading hours on Friday, hitting $32.99. The company’s stock had a trading volume of 2,221,780 shares, compared to its average volume of 793,516. Teradata has a 52 week low of $32.83 and a 52 week high of $49.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.42 and a quick ratio of 1.37. The firm has a market capitalization of $4.29 billion, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.19. The company’s fifty day moving average is $35.88.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.17 by $0.12. Teradata had a net margin of 1.27% and a return on equity of 20.91%. The business had revenue of $478.00 million during the quarter, compared to analyst estimates of $485.17 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. Equities research analysts forecast that Teradata will post 0.99 EPS for the current year.

Teradata announced that its board has approved a stock repurchase plan on Thursday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

TDC has been the subject of several recent research reports. TheStreet lowered shares of Teradata from a b- rating to a c rating in a report on Friday, May 3rd. Morgan Stanley boosted their price target on shares of Teradata from $57.00 to $58.00 and gave the company an overweight rating in a report on Friday. Zacks Investment Research lowered shares of Teradata from a hold rating to a sell rating and set a $29.00 price target for the company. in a report on Monday, May 27th. Barclays restated a sell rating and issued a $33.00 price target on shares of Teradata in a report on Sunday, May 5th. Finally, Royal Bank of Canada reduced their price target on shares of Teradata to $40.00 and set a market perform rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $43.63.

In other news, CFO Mark Culhane acquired 1,400 shares of Teradata stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average price of $39.35 per share, for a total transaction of $55,090.00. Following the purchase, the chief financial officer now directly owns 57,485 shares in the company, valued at approximately $2,262,034.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.12% of the company’s stock.

About Teradata

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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