Wall Street analysts predict that Teradata Corporation (NYSE:TDC) will post earnings per share of $0.21 for the current quarter, Zacks reports. Five analysts have made estimates for Teradata Corporation’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.19. Teradata Corporation reported earnings per share of $0.69 in the same quarter last year, which indicates a negative year-over-year growth rate of 69.6%. The company is expected to issue its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Teradata Corporation will report full year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.30. For the next financial year, analysts forecast that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.20 to $1.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Teradata Corporation.
Teradata Corporation (NYSE:TDC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The firm had revenue of $513.00 million for the quarter, compared to analyst estimates of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS.
A number of research analysts have weighed in on TDC shares. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $27.00 price target on shares of Teradata Corporation in a research note on Monday, September 11th. BidaskClub lowered shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. BMO Capital Markets lifted their price target on shares of Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Needham & Company LLC started coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.75.
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Teradata Corporation (NYSE TDC) traded down 0.27% on Tuesday, reaching $33.07. 889,438 shares of the company’s stock traded hands. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $34.30. The stock’s 50 day moving average is $32.24 and its 200 day moving average is $30.35. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 43.12 and a beta of 1.26.
In other news, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the sale, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor L. Lund bought 31,270 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares of the company’s stock, valued at approximately $3,560,731.65. The disclosure for this purchase can be found here. 1.73% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Teradata Corporation by 3.1% during the first quarter. Vanguard Group Inc. now owns 15,016,972 shares of the technology company’s stock worth $467,328,000 after buying an additional 448,436 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Teradata Corporation by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock worth $366,764,000 after buying an additional 705,690 shares during the last quarter. BlackRock Inc. increased its holdings in Teradata Corporation by 42.6% during the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock worth $328,115,000 after buying an additional 3,324,754 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Teradata Corporation by 24.1% during the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock worth $185,598,000 after buying an additional 1,221,193 shares during the last quarter. Finally, Fairpointe Capital LLC increased its holdings in Teradata Corporation by 0.4% during the second quarter. Fairpointe Capital LLC now owns 5,781,875 shares of the technology company’s stock worth $170,508,000 after buying an additional 25,599 shares during the last quarter.
About Teradata Corporation
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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