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Teradyne (NASDAQ:TER) Issues Q2 2021 Earnings Guidance

Tuesday, May 4, 2021 | MarketBeat

Teradyne (NASDAQ:TER) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.620-1.830 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.320. The company issued revenue guidance of $1.01 billion-$1.09 billion, compared to the consensus revenue estimate of $877.53 million.

TER stock opened at $124.99 on Tuesday. The company has a quick ratio of 3.05, a current ratio of 3.34 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 1.14 and a beta of 1.35. Teradyne has a 12 month low of $56.42 and a 12 month high of $147.90. The firm has a 50 day moving average of $124.83 and a two-hundred day moving average of $123.07.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, April 27th. The company reported $1.11 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.05 by $0.06. The company had revenue of $782.00 million during the quarter, compared to the consensus estimate of $760.43 million. Teradyne had a net margin of 24.02% and a return on equity of 44.90%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, research analysts expect that Teradyne will post 4.49 EPS for the current fiscal year.

Several research firms recently issued reports on TER. KeyCorp upped their price objective on shares of Teradyne from $115.00 to $138.00 and gave the stock an overweight rating in a report on Wednesday, January 6th. Bank of America raised shares of Teradyne from a neutral rating to a buy rating in a report on Monday, January 11th. DA Davidson decreased their price objective on shares of Teradyne from $155.00 to $135.00 and set a neutral rating for the company in a report on Friday, January 29th. The Goldman Sachs Group reiterated a buy rating and set a $150.00 target price (up from $128.00) on shares of Teradyne in a research note on Monday, January 18th. Finally, Rosenblatt Securities upped their target price on shares of Teradyne from $158.00 to $180.00 and gave the company a buy rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company's stock. The company presently has an average rating of Buy and a consensus price target of $127.56.

In related news, CEO Mark E. Jagiela sold 57,941 shares of the stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $123.71, for a total transaction of $7,167,881.11. Following the completion of the sale, the chief executive officer now owns 320,637 shares in the company, valued at approximately $39,666,003.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark E. Jagiela sold 90,545 shares of the stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $114.38, for a total transaction of $10,356,537.10. Following the sale, the chief executive officer now owns 281,413 shares of the company's stock, valued at approximately $32,188,018.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,613 shares of company stock valued at $21,656,282. Corporate insiders own 0.62% of the company's stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, computer and electronic game, and other applications.

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Earnings History and Estimates for Teradyne (NASDAQ:TER)

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