Teradata (TDC) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Teradata (NYSE:TDC) released its quarterly earnings results on Thursday. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.18, Bloomberg Earnings reports. Teradata had a net margin of 3.01% and a return on equity of 16.47%. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Teradata updated its FY18 guidance to $1.50-1.60 EPS.

Teradata (NYSE:TDC) traded down $2.30 during trading hours on Friday, hitting $35.00. 5,688,011 shares of the stock traded hands, compared to its average volume of 1,473,375. Teradata has a 1-year low of $27.05 and a 1-year high of $42.74. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $4,852.10, a P/E ratio of 69.67, a P/E/G ratio of 13.37 and a beta of 1.24.

Teradata announced that its board has approved a stock buyback program on Thursday, February 8th that authorizes the company to buyback $310.00 million in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several research firms have issued reports on TDC. Cowen raised shares of Teradata from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $31.00 to $40.00 in a report on Tuesday, January 23rd. Mizuho reaffirmed a “sell” rating and issued a $32.00 price target on shares of Teradata in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Teradata from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, BMO Capital Markets lifted their price target on shares of Teradata from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.82.

In related news, CFO Mark Culhane acquired 4,500 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $37.66 per share, for a total transaction of $169,470.00. Following the completion of the purchase, the chief financial officer now owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership acquired a new position in Teradata during the fourth quarter valued at $4,274,000. Virtu Financial LLC acquired a new position in Teradata during the fourth quarter valued at $358,000. UBS Asset Management Americas Inc. lifted its position in Teradata by 8.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 141,125 shares of the technology company’s stock valued at $5,428,000 after purchasing an additional 11,228 shares during the period. BlackRock Inc. lifted its position in Teradata by 1.1% during the fourth quarter. BlackRock Inc. now owns 10,925,922 shares of the technology company’s stock valued at $420,211,000 after purchasing an additional 118,571 shares during the period. Finally, Schroder Investment Management Group acquired a new position in Teradata during the fourth quarter valued at $847,000. Institutional investors own 97.94% of the company’s stock.

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Teradata 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.

Earnings History for Teradata (NYSE:TDC)

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