Analysts expect Teradyne, Inc. (NYSE:TER) to announce $0.43 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for Teradyne’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.40. Teradyne posted earnings of $0.33 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.3%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Teradyne will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.01. For the next fiscal year, analysts expect that the company will report earnings of $2.12 per share, with EPS estimates ranging from $1.90 to $2.36. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Teradyne.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm had revenue of $697.00 million for the quarter, compared to the consensus estimate of $683.66 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis.
Several research firms have commented on TER. KeyCorp reiterated an “outperform” rating and set a $40.00 price target on shares of Teradyne in a report on Saturday, September 16th. Zacks Investment Research cut shares of Teradyne from a “buy” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub upgraded shares of Teradyne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $41.00 price target (up previously from $32.00) on shares of Teradyne in a report on Monday, September 18th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $43.00 price target on shares of Teradyne in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Teradyne presently has an average rating of “Buy” and a consensus target price of $36.83.
Teradyne (NYSE TER) traded down 0.59% during trading on Thursday, hitting $39.05. 2,065,630 shares of the stock were exchanged. The stock has a market cap of $7.73 billion, a P/E ratio of 20.15 and a beta of 0.98. The stock’s 50 day moving average price is $36.86 and its 200 day moving average price is $34.52. Teradyne has a 12 month low of $20.22 and a 12 month high of $39.33.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Wednesday, September 6th. Teradyne’s payout ratio is 14.51%.
In related news, insider Brad Robbins sold 15,892 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $34.54, for a total value of $548,909.68. Following the completion of the sale, the insider now owns 19,171 shares in the company, valued at approximately $662,166.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the sale, 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. In the last 90 days, insiders sold 141,698 shares of company stock valued at $5,012,857. Company insiders own 0.62% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TER. JPMorgan Chase & Co. raised its position in Teradyne by 238.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,877,810 shares of the semiconductor company’s stock valued at $116,451,000 after purchasing an additional 2,731,167 shares during the last quarter. BlackRock Inc. raised its position in Teradyne by 13.3% in the 2nd quarter. BlackRock Inc. now owns 20,807,353 shares of the semiconductor company’s stock valued at $624,846,000 after purchasing an additional 2,437,869 shares during the last quarter. Wells Fargo & Company MN raised its position in Teradyne by 71.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,293,075 shares of the semiconductor company’s stock valued at $128,922,000 after purchasing an additional 1,781,854 shares during the last quarter. Coatue Management LLC purchased a new stake in Teradyne in the 2nd quarter valued at $39,545,000. Finally, Renaissance Technologies LLC raised its position in Teradyne by 200.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,886,700 shares of the semiconductor company’s stock valued at $56,658,000 after purchasing an additional 1,259,599 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.
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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