Analysts Expect Teradyne, Inc. (NYSE:TER) Will Announce Quarterly Sales of $684.22 Million
Equities research analysts expect Teradyne, Inc. (NYSE:TER) to post $684.22 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Teradyne’s earnings, with estimates ranging from $675.00 million to $696.43 million. Teradyne posted sales of $531.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Teradyne will report full-year sales of $684.22 million for the current financial year, with estimates ranging from $1.93 billion to $1.97 billion. For the next financial year, analysts forecast that the firm will post sales of $2.07 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 sell-side analysts that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $457 million during the quarter, compared to the consensus estimate of $440.96 million. Teradyne had a positive return on equity of 18.34% and a negative net margin of 0.46%. Teradyne’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share.
Several analysts have issued reports on the company. BidaskClub upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Tuesday. ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, June 28th. Deutsche Bank AG upped their target price on Teradyne from $30.00 to $34.00 and gave the company a “buy” rating in a report on Monday, April 24th. Finally, Cowen and Company upped their target price on Teradyne from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.71.
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In other news, Director Daniel W. Christman sold 3,232 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $35.65, for a total value of $115,220.80. Following the transaction, the director now owns 30,163 shares in the company, valued at approximately $1,075,310.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Bradley sold 9,235 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total value of $326,180.20. Following the completion of the transaction, the director now owns 195,405 shares in the company, valued at approximately $6,901,704.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,467 shares of company stock worth $721,961. 0.62% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TER. Two Sigma Investments LP purchased a new position in Teradyne during the fourth quarter worth about $497,000. Ladenburg Thalmann Financial Services Inc. increased its position in Teradyne by 34.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,183 shares of the semiconductor company’s stock worth $104,000 after buying an additional 1,067 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Teradyne during the fourth quarter worth about $858,000. Teachers Advisors LLC increased its position in Teradyne by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 279,246 shares of the semiconductor company’s stock worth $7,093,000 after buying an additional 80,661 shares in the last quarter. Finally, Creative Planning increased its position in Teradyne by 76.2% in the first quarter. Creative Planning now owns 4,778 shares of the semiconductor company’s stock worth $149,000 after buying an additional 2,067 shares in the last quarter. Institutional investors and hedge funds own 93.55% of the company’s stock.
Shares of Teradyne (NYSE TER) traded up 0.90% during mid-day trading on Wednesday, reaching $34.81. The company had a trading volume of 2,854,608 shares. Teradyne has a 1-year low of $19.43 and a 1-year high of $36.59. The company’s market capitalization is $6.93 billion. The stock’s 50-day moving average price is $32.97 and its 200 day moving average price is $31.23.
The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Thursday, June 1st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, May 30th. Teradyne’s payout ratio is -699.83%.
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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