Zacks: Analysts Anticipate Teradyne, Inc. (NYSE:TER) Will Post Quarterly Sales of $473.06 Million
Brokerages predict that Teradyne, Inc. (NYSE:TER) will post sales of $473.06 million for the current quarter, Zacks reports. Five analysts have provided estimates for Teradyne’s earnings, with the highest sales estimate coming in at $475.80 million and the lowest estimate coming in at $469.92 million. Teradyne posted sales of $410.48 million during the same quarter last year, which suggests a positive year over year growth rate of 15.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Teradyne will report full-year sales of $473.06 million for the current year, with estimates ranging from $1.98 billion to $2.02 billion. For the next year, analysts forecast that the firm will post sales of $2.11 billion per share, with estimates ranging from $2.00 billion to $2.19 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. The business had revenue of $697 million during the quarter, compared to the consensus estimate of $683.66 million. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. Teradyne’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS.
A number of research firms recently issued reports on TER. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a report on Thursday, July 27th. BidaskClub downgraded shares of Teradyne from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “buy” rating on shares of Teradyne in a report on Thursday, July 27th. Cowen and Company set a $41.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp upgraded shares of Teradyne from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.70.
In other Teradyne news, insider Brad Robbins sold 15,892 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $34.54, for a total transaction of $548,909.68. Following the completion of the transaction, the insider now owns 19,171 shares in the company, valued at $662,166.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Jagiela sold 30,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the transaction, the insider now owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. Insiders have sold 66,359 shares of company stock valued at $2,305,871 in the last quarter. Company insiders own 0.62% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised 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 worth $106,000 after buying an additional 101 shares in the last quarter. Segantii Capital Management Ltd acquired a new position in shares of Teradyne during the first quarter worth $121,000. SpiderRock Advisors LLC acquired a new position in shares of Teradyne during the first quarter worth $132,000. Paradigm Asset Management Co. LLC raised its position in shares of Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock worth $132,000 after buying an additional 2,900 shares in the last quarter. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Teradyne during the first quarter worth $141,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.
Shares of Teradyne (TER) opened at 33.89 on Tuesday. The company has a market cap of $6.74 billion, a P/E ratio of 17.49 and a beta of 0.95. The company’s 50 day moving average is $33.01 and its 200 day moving average is $31.87. Teradyne has a one year low of $19.73 and a one year high of $36.86.
Teradyne Company Profile
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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