Teradata Co. (TDC) Expected to Announce Quarterly Sales of $610.45 Million
Wall Street analysts expect Teradata Co. (NYSE:TDC) to post $610.45 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Teradata’s earnings. The highest sales estimate is $614.60 million and the lowest is $604.90 million. Teradata posted sales of $626.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.5%. The business is expected to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Teradata will report full year sales of $610.45 million for the current financial year, with estimates ranging from $2.13 billion to $2.14 billion. For the next year, analysts anticipate that the company will post sales of $2.16 billion per share, with estimates ranging from $2.13 billion to $2.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Teradata.
Teradata (NYSE:TDC) last released its earnings results on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. Teradata had a net margin of 2.47% and a return on equity of 6.55%. The firm had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. During the same period last year, the firm earned $0.69 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year.
Several equities analysts have commented on TDC shares. BMO Capital Markets raised their target price on shares of Teradata from $32.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price target on shares of Teradata in a report on Wednesday, October 18th. Mizuho reaffirmed an “underperform” rating and set a $32.00 price target (up from $26.00) on shares of Teradata in a report on Wednesday, November 1st. Morgan Stanley lifted their price target on shares of Teradata from $29.00 to $31.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Finally, Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.75.
In other Teradata news, CFO Mark Culhane bought 4,500 shares of Teradata stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $37.66 per share, with a total value of $169,470.00. Following the acquisition, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.73% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Teradata by 42.6% in the 2nd quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock worth $328,115,000 after purchasing an additional 3,324,754 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Teradata by 259.2% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock valued at $93,402,000 after acquiring an additional 1,994,620 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Teradata by 24.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock valued at $185,598,000 after acquiring an additional 1,221,193 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Teradata during the 3rd quarter valued at $33,107,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Teradata by 131.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock valued at $28,352,000 after acquiring an additional 476,100 shares during the period. 97.89% of the stock is currently owned by hedge funds and other institutional investors.
Teradata (TDC) opened at $38.53 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.69. Teradata has a 1-year low of $26.55 and a 1-year high of $39.33. The company has a market cap of $4,850.00, a PE ratio of 77.06, a price-to-earnings-growth ratio of 14.22 and a beta of 1.26.
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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