Teradyne Inc. (TER) Releases Q1 Earnings Guidance
Teradyne Inc. (NYSE:TER) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.02-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18, StockRatingsNetwork reports. The company issued revenue guidance of $300-330 million, compared to the consensus revenue estimate of $325.45 million.
Shares of Teradyne Inc. (NYSE:TER) traded up 2.03% during mid-day trading on Wednesday, hitting $19.58. 6,340,525 shares of the company’s stock traded hands. Teradyne Inc. has a 52 week low of $14.05 and a 52 week high of $19.96. The stock has a 50-day moving average of $17.48 and a 200-day moving average of $16.87. The company has a market cap of $3.752 billion and a P/E ratio of 35.87.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, January 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $275.30 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that Teradyne Inc. will post $1.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Shareholders of record on Friday, May 9th will be paid a dividend of 0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.23%.
Several analysts have recently commented on the stock. Analysts at Sidoti downgraded shares of Teradyne from a buy rating to a neutral rating in a research note to investors on Friday, January 17th. On a related note, analysts at Pacific Crest upgraded shares of Teradyne from a sector perform rating to an outperform rating in a research note to investors on Wednesday, January 15th. They now have a $23.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Teradyne from a buy rating to a conviction-buy rating in a research note to investors on Tuesday, January 14th. They now have a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $20.57.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.