Teradata (NYSE:TDC) Updates FY 2024 Earnings Guidance

Teradata (NYSE:TDC - Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 2.150-2.310 for the period, compared to the consensus earnings per share estimate of 2.200. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Teradata also updated its FY24 guidance to $2.15-2.31 EPS.

Wall Street Analyst Weigh In

TDC has been the subject of a number of research analyst reports. Morgan Stanley lowered Teradata from an overweight rating to an equal weight rating and reduced their target price for the stock from $74.00 to $48.00 in a report on Tuesday, February 13th. JMP Securities reissued a market outperform rating and issued a $72.00 target price on shares of Teradata in a report on Tuesday, February 13th. Barclays reduced their target price on 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 reduced their target price on Teradata from $59.00 to $48.00 and set a sector perform rating for the company in a report on Tuesday, February 13th. Finally, StockNews.com lowered Teradata from a strong-buy rating to a buy rating in a report on Friday, April 12th. One analyst has 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, Teradata presently has a consensus rating of Moderate Buy and a consensus price target of $56.33.

Teradata Stock Performance

TDC traded up $0.72 during 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. Teradata has a one year low of $35.36 and a one year high of $57.73. The business's 50 day simple moving average is $37.75 and its 200-day simple moving average is $42.29. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The firm has a market cap of $3.71 billion, a PE ratio of 62.23, a P/E/G ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $465.00 million for the quarter, compared to analysts' expectations of $461.93 million. Teradata had a return on equity of 58.25% and a net margin of 3.38%. Teradata's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. As a group, sell-side analysts predict that Teradata will post 1.27 EPS for the current fiscal year.

Insider Activity at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the 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 completion of the sale, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the transaction, the insider now owns 127,595 shares in the company, valued at $4,793,744.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,615 shares of company stock worth $2,903,644. 0.92% of the stock is 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.