$684.22 Million in Sales Expected for Teradyne, Inc. (TER) This Quarter
Equities research analysts forecast that Teradyne, Inc. (NYSE:TER) will announce sales of $684.22 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Teradyne’s earnings. The highest sales estimate is $696.43 million and the lowest is $675 million. Teradyne reported sales of $531.79 million in the same quarter last year, which suggests a positive year over year growth rate of 28.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 26th.
On average, analysts expect that Teradyne will report full year sales of $684.22 million for the current fiscal year, with estimates ranging from $1.93 billion to $1.97 billion. For the next financial year, analysts anticipate that the company will report sales of $2.06 billion per share, with estimates ranging from $1.96 billion to $2.11 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last posted its earnings results on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. Teradyne had a negative net margin of 2.48% and a positive return on equity of 16.79%. The business had revenue of $457 million for the quarter, compared to analyst estimates of $440.96 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis.
A number of analysts recently commented on the stock. Summit Redstone reissued a “buy” rating on shares of Teradyne in a report on Friday, January 27th. Cowen and Company boosted their price objective on shares of Teradyne from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a report on Friday, January 27th. Needham & Company LLC boosted their price objective on shares of Teradyne from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, January 30th. Finally, Deutsche Bank AG boosted their price objective on shares of Teradyne from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Five 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 $30.59.
In related news, insider Brad Robbins sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $30.89, for a total transaction of $308,900.00. Following the transaction, the insider now owns 54,647 shares of the company’s stock, valued at $1,688,045.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel W. Christman sold 3,232 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.65, for a total transaction of $115,220.80. Following the transaction, the director now directly owns 30,163 shares in the company, valued at approximately $1,075,310.95. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock worth $704,681 in the last ninety days. Insiders own 0.76% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Teradyne by 34.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,183 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 1,067 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Teradyne by 3.0% in the first quarter. Quadrant Capital Group LLC now owns 3,477 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 101 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Teradyne during the first quarter valued at about $121,000. SpiderRock Advisors LLC purchased a new position in shares of Teradyne during the first quarter valued at about $132,000. Finally, TrimTabs Asset Management LLC purchased a new position in shares of Teradyne during the first quarter valued at about $141,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Teradyne (NYSE:TER) opened at 35.59 on Friday. The stock’s market capitalization is $7.08 billion. The stock’s 50 day moving average is $34.09 and its 200 day moving average is $29.07. Teradyne has a 1-year low of $18.07 and a 1-year high of $36.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 30th. Teradyne’s dividend payout ratio (DPR) is presently -109.09%.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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