Teradyne Inc. (TER) Releases Q4 Earnings Guidance
Teradyne Inc. (NYSE:TER) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.00-0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.24, AnalystRatings.NET reports. The company issued revenue guidance of $260-285 million, compared to the consensus revenue estimate of $341.57 million.
Shares of Teradyne Inc. (NYSE:TER) traded down 1.98% during mid-day trading on Wednesday, hitting $16.34. The stock had a trading volume of 3,397,567 shares. Teradyne Inc. has a 52-week low of $13.40 and a 52-week high of $18.73. The stock has a 50-day moving average of $16.07 and a 200-day moving average of $16.61. The company has a market cap of $3.128 billion and a P/E ratio of 26.89.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $433.00 million for the quarter, compared to the consensus estimate of $446.34 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts predict that Teradyne Inc. will post $1.20 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Teradyne in a research note to investors on Wednesday, October 9th. They now have a $17.00 price target on the stock. On a related note, analysts at Cowen and Company cut their price target on shares of Teradyne from $24.00 to $22.00 in a research note to investors on Monday, October 7th. They now have an outperform rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Teradyne to $20.00 in a research note to investors on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $20.73.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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