Teradata (NYSE:TDC) Announces Quarterly Earnings Results

Teradata (NYSE:TDC) released its quarterly earnings results on Monday. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02, Briefing.com reports. The firm had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $461.93 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share.

Teradata Price Performance

TDC opened at $32.70 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 53.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The stock has a fifty day simple moving average of $37.58 and a two-hundred day simple moving average of $42.14. Teradata has a 12-month low of $31.61 and a 12-month high of $57.73.

Analysts Set New Price Targets

TDC has been the topic of several research analyst reports. Evercore ISI decreased their price objective on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada reduced their target price on Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday. JMP Securities dropped their price target on Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a research note on Tuesday. Finally, Barclays cut their target price on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.90.

Insider Activity

In related news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at approximately $20,191,702.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at approximately $20,191,702.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,615 shares of company stock worth $2,903,644. Corporate insiders own 0.86% of the company’s stock.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.