$472.54 Million in Sales Expected for Teradyne, Inc. (TER) This Quarter
Wall Street analysts expect that Teradyne, Inc. (NYSE:TER) will report $472.54 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Teradyne’s earnings, with estimates ranging from $469.90 million to $475.80 million. Teradyne posted sales of $410.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.1%. The company is scheduled to announce its next earnings report on Wednesday, October 25th.
On average, analysts expect that Teradyne will report full-year sales of $472.54 million for the current year, with estimates ranging from $1.98 billion to $2.02 billion. For the next year, analysts forecast that the business will post sales of $2.11 billion per share, with estimates ranging from $2.00 billion to $2.19 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Teradyne.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The business had revenue of $697.00 million during the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub downgraded shares of Teradyne from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Stifel Nicolaus upgraded shares of Teradyne from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Teradyne has an average rating of “Buy” and a consensus target price of $36.83.
Teradyne (NYSE TER) opened at 37.29 on Monday. The firm has a market capitalization of $7.38 billion, a PE ratio of 19.24 and a beta of 0.94. The company has a 50-day moving average price of $34.77 and a 200-day moving average price of $33.44. Teradyne has a 12-month low of $20.22 and a 12-month high of $37.47.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. Teradyne’s dividend payout ratio is presently 14.51%.
In related news, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the sale, the insider now owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 15,248 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $35.86, for a total transaction of $546,793.28. Following the completion of the transaction, the director now owns 172,322 shares in the company, valued at approximately $6,179,466.92. The disclosure for this sale can be found here. Insiders sold a total of 141,698 shares of company stock worth $5,012,857 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TER. Utah Retirement Systems grew its stake in Teradyne by 0.3% during the first quarter. Utah Retirement Systems now owns 36,957 shares of the semiconductor company’s stock worth $1,149,000 after buying an additional 100 shares during the period. MML Investors Services LLC increased its position in shares of Teradyne by 0.8% in the second quarter. MML Investors Services LLC now owns 24,382 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 188 shares in the last quarter. IFP Advisors Inc increased its position in shares of Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 211 shares in the last quarter. People s United Financial Inc. increased its position in shares of Teradyne by 1.8% in the second quarter. People s United Financial Inc. now owns 18,148 shares of the semiconductor company’s stock worth $545,000 after acquiring an additional 316 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Teradyne by 6.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 454 shares in the last quarter. 93.10% of the stock is currently owned by hedge funds and other institutional investors.
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Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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