Teradata (NYSE:TDC) Releases FY24 Earnings Guidance

Teradata (NYSE:TDC) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $2.15-2.31 for the period, compared to the consensus earnings per share estimate of $2.21. Teradata also updated its FY 2024 guidance to 2.150-2.310 EPS.

Teradata Stock Performance

NYSE TDC traded down $0.02 during trading on Wednesday, reaching $32.70. The company’s stock had a trading volume of 1,748,447 shares, compared to its average volume of 1,145,332. Teradata has a twelve month low of $31.61 and a twelve month high of $57.73. The business’s fifty day moving average price is $37.66 and its 200-day moving average price is $42.21. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 53.64, a P/E/G ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $461.93 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts anticipate that Teradata will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on TDC shares. TD Cowen reduced their price objective on shares of Teradata from $46.00 to $40.00 and set a hold rating for the company in a research note on Tuesday. Barclays reduced their price target on shares of Teradata from $39.00 to $35.00 and set an underweight rating for the company in a research report on Tuesday. Citigroup upped their price target on Teradata from $57.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 12th. Bank of America downgraded Teradata from a neutral rating to an underperform rating and decreased their target price for the stock from $48.00 to $39.00 in a research report on Tuesday. Finally, Morgan Stanley cut Teradata from an overweight rating to an equal weight rating and dropped their price target for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $49.90.

Insider Activity at Teradata

In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were 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 is available at this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the sale, the insider now directly owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. Company 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.