Teradata Corp. (TDC) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Teradata Corp. (NYSE:TDC) posted its quarterly earnings results on Thursday. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03, Analyst RN reports. The company had revenue of $769.00 million for the quarter, compared to the consensus estimate of $743.60 million.
A number of research firms have recently commented on TDC. Analysts at Pacific Crest cut their price target on shares of Teradata Corp. from $60.00 to $56.00 in a research note to investors on Wednesday. On the ratings front, analysts at Susquehanna cut their price target on shares of Teradata Corp. from $61.00 to $58.00 in a research note to investors on Friday, January 31st. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Teradata Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, January 29th. They now have a $36.00 price target on the stock, down previously from $48.00. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.48.
Shares of Teradata Corp. (NYSE:TDC) opened at 41.06 on Thursday. Teradata Corp. has a 1-year low of $39.16 and a 1-year high of $65.96. The stock has a 50-day moving average of $44.30 and a 200-day moving average of $50.45. The company has a market cap of $6.709 billion and a price-to-earnings ratio of 18.01. Teradata Corp. also was the target of unusually large options trading on Wednesday. Traders purchased 7,135 put options on the stock. This represents an increase of 327% compared to the typical daily volume of 1,671 put options.
Teradata Corporation (NYSE:TDC) is engaged in analytic data solutions, including integrated data warehousing, big data analytics and business applications.
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.