Zacks: Brokerages Anticipate Teradata Corporation (TDC) Will Announce Earnings of $0.12 Per Share
Brokerages forecast that Teradata Corporation (NYSE:TDC) will post $0.12 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Teradata Corporation’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.13. Teradata Corporation reported earnings of $0.60 per share in the same quarter last year, which would indicate a negative year over year growth rate of 80%. The company is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Teradata Corporation will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.88 to $0.91. For the next financial year, analysts expect that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.88 to $1.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Teradata Corporation.
Teradata Corporation (NYSE:TDC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $513 million during the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. Teradata Corporation’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS.
TDC has been the subject of several research reports. BTIG Research initiated coverage on shares of Teradata Corporation in a research report on Monday, April 17th. They set a “neutral” rating for the company. BMO Capital Markets reduced their price target on shares of Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating for the company in a research report on Thursday, April 27th. Deutsche Bank AG restated a “hold” rating and set a $30.00 price target (down previously from $32.00) on shares of Teradata Corporation in a research report on Saturday, April 29th. TheStreet lowered shares of Teradata Corporation from a “b-” rating to a “c” rating in a research report on Thursday, April 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Teradata Corporation in a research report on Wednesday, May 24th. They set an “underperform” rating and a $25.00 price target for the company. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.50.
Teradata Corporation (NYSE:TDC) traded down 0.29% during mid-day trading on Tuesday, hitting $31.00. 1,502,646 shares of the stock were exchanged. The company has a market capitalization of $3.91 billion, a PE ratio of 40.42 and a beta of 1.28. Teradata Corporation has a 52 week low of $26.27 and a 52 week high of $33.32. The stock’s 50-day moving average is $30.23 and its 200 day moving average is $30.02.
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In other news, insider Victor L. Lund purchased 31,270 shares of the stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $31.95 per share, with a total value of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares in the company, valued at approximately $3,560,731.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the completion of the sale, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.
Several large investors have recently made changes to their positions in TDC. Boston Partners purchased a new stake in shares of Teradata Corporation during the first quarter worth about $607,000. American Century Companies Inc. increased its stake in shares of Teradata Corporation by 363.8% in the first quarter. American Century Companies Inc. now owns 1,151,131 shares of the technology company’s stock worth $35,823,000 after buying an additional 902,948 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Teradata Corporation by 5.3% in the first quarter. First Trust Advisors LP now owns 1,276,924 shares of the technology company’s stock worth $39,738,000 after buying an additional 64,048 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Teradata Corporation by 62.3% in the first quarter. Eqis Capital Management Inc. now owns 28,544 shares of the technology company’s stock worth $888,000 after buying an additional 10,953 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Teradata Corporation during the first quarter worth about $201,000.
Teradata Corporation Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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