Brokerages predict that Teradata Co. (NYSE:TDC) will announce $492.63 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Teradata’s earnings, with the highest sales estimate coming in at $550.93 million and the lowest estimate coming in at $472.50 million. Teradata posted sales of $588.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 16.2%. The company is expected to announce its next earnings results after the market closes on Thursday, February 6th.
According to Zacks, analysts expect that Teradata will report full-year sales of $1.90 billion for the current financial year, with estimates ranging from $1.88 billion to $1.98 billion. For the next financial year, analysts expect that the business will post sales of $1.88 billion, with estimates ranging from $1.81 billion to $2.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Teradata.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, November 7th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Teradata had a return on equity of 23.17% and a net margin of 0.70%. The company had revenue of $459.00 million for the quarter, compared to the consensus estimate of $485.62 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was down 12.7% on a year-over-year basis.
A number of equities analysts recently commented on TDC shares. Stifel Nicolaus downgraded Teradata from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $60.00 to $25.00 in a report on Friday, November 8th. BMO Capital Markets dropped their price objective on Teradata from $38.00 to $30.00 and set a “reduce” rating on the stock in a report on Monday, November 11th. Barclays set a $27.00 price objective on Teradata and gave the stock a “sell” rating in a report on Friday, November 1st. Morgan Stanley dropped their price objective on Teradata from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Cowen downgraded Teradata from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $53.00 to $29.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.40.
In related news, CFO Mark Culhane bought 1,950 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $26.00 per share, with a total value of $50,700.00. Following the completion of the transaction, the chief financial officer now directly owns 64,035 shares of the company’s stock, valued at $1,664,910. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Martyn Etherington bought 4,300 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $26.43 per share, with a total value of $113,649.00. The disclosure for this purchase can be found here. Corporate insiders own 1.12% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in shares of Teradata in the second quarter valued at approximately $1,776,000. D. E. Shaw & Co. Inc. boosted its position in shares of Teradata by 45.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 509,697 shares of the technology company’s stock valued at $18,272,000 after acquiring an additional 160,107 shares during the period. Fairpointe Capital LLC boosted its position in shares of Teradata by 1.6% in the third quarter. Fairpointe Capital LLC now owns 1,676,992 shares of the technology company’s stock valued at $51,986,000 after acquiring an additional 26,468 shares during the period. Chartwell Investment Partners LLC boosted its position in shares of Teradata by 130.1% in the third quarter. Chartwell Investment Partners LLC now owns 440,412 shares of the technology company’s stock valued at $13,653,000 after acquiring an additional 249,042 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Teradata by 5.9% in the third quarter. Envestnet Asset Management Inc. now owns 66,201 shares of the technology company’s stock valued at $2,052,000 after acquiring an additional 3,690 shares during the period. 98.18% of the stock is owned by hedge funds and other institutional investors.
NYSE:TDC traded down $0.88 during mid-day trading on Wednesday, reaching $26.37. The stock had a trading volume of 1,572,851 shares, compared to its average volume of 745,463. The business’s 50 day moving average is $26.51 and its 200 day moving average is $30.43. Teradata has a fifty-two week low of $23.71 and a fifty-two week high of $49.42. The stock has a market cap of $2.97 billion, a P/E ratio of 219.77, a PEG ratio of 2.65 and a beta of 1.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.27 and a quick ratio of 1.22.
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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