Teradata Co. (TDC) Expected to Post Quarterly Sales of $495.13 Million

Equities research analysts predict that Teradata Co. (NYSE:TDC) will report $495.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Teradata’s earnings, with the highest sales estimate coming in at $502.02 million and the lowest estimate coming in at $490.00 million. Teradata reported sales of $491.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.8%. The business is expected to issue its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Teradata will report full year sales of $495.13 million for the current year, with estimates ranging from $2.15 billion to $2.19 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.22 billion per share, with estimates ranging from $2.17 billion to $2.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Teradata.

Teradata (NYSE:TDC) last issued its earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.18. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The business had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $610.50 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis.

TDC has been the subject of a number of research reports. Zacks Investment Research upgraded Teradata from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, January 2nd. Summit Redstone upgraded Teradata from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Bank of America decreased their target price on Teradata from $48.00 to $45.00 and set a “buy” rating for the company in a report on Friday, February 9th. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $31.00 to $40.00 in a report on Tuesday, January 23rd. Finally, Deutsche Bank boosted their target price on Teradata from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, October 24th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Teradata has an average rating of “Hold” and a consensus price target of $34.82.

Shares of Teradata (TDC) opened at $36.69 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.72. Teradata has a fifty-two week low of $27.05 and a fifty-two week high of $42.74. The stock has a market capitalization of $4,440.00, a PE ratio of -66.71, a PEG ratio of 11.19 and a beta of 1.23.

Teradata declared that its board has authorized a share buyback program on Thursday, February 8th that authorizes the company to repurchase $310.00 million in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, CFO Mark Culhane purchased 4,500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $37.66 per share, for a total transaction of $169,470.00. Following the acquisition, the chief financial officer now directly owns 29,924 shares in the company, valued at $1,126,937.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of Teradata during the 4th quarter valued at approximately $7,568,000. Sciencast Management LP purchased a new position in shares of Teradata during the 4th quarter valued at approximately $241,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Teradata by 76.3% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 538,793 shares of the technology company’s stock valued at $20,720,000 after buying an additional 233,262 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Teradata by 41.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,752,371 shares of the technology company’s stock valued at $105,856,000 after buying an additional 809,993 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Teradata by 28.1% during the 4th quarter. Teachers Advisors LLC now owns 2,399,320 shares of the technology company’s stock valued at $92,278,000 after buying an additional 526,066 shares during the last quarter. 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.

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