Teradata (NYSE:TDC) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Teradata (NYSE:TDC - Get Free Report) announced its earnings results on Monday. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02, Briefing.com reports. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. During the same quarter last year, the business earned $0.40 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year.

Teradata Trading Up 1.9 %

Teradata stock traded up $0.72 during mid-day trading on Monday, hitting $37.96. The company's stock had a trading volume of 1,816,895 shares, compared to its average volume of 1,097,657. The stock's fifty day moving average is $37.74 and its two-hundred day moving average is $42.33. 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 firm has a market capitalization of $3.71 billion, a PE ratio of 61.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. Teradata has a 1 year low of $35.36 and a 1 year high of $57.73.

Analysts Set New Price Targets

TDC has been the topic of several research reports. Morgan Stanley downgraded Teradata from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. Barclays dropped their target price on shares of Teradata from $43.00 to $39.00 and set an "underweight" rating for the company in a report on Monday, April 15th. Royal Bank of Canada decreased their price target on shares of Teradata from $59.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 13th. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 price objective on shares of Teradata in a research note on Tuesday, February 13th. Finally, StockNews.com lowered shares of Teradata from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.33.

Insider Buying and Selling at Teradata

In related news, insider Hillary Ashton sold 9,743 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the sale, the insider now directly owns 156,704 shares of the company's stock, valued at approximately $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the business'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 value of $1,551,617.34. Following the sale, the chief executive officer now owns 528,302 shares of the company's stock, valued at $20,191,702.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the firm'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 transaction, the insider now owns 156,704 shares of the company's stock, valued at $5,868,564.80. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock worth $2,903,644 over the last quarter. 0.92% of the stock is currently owned by company insiders.

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.