$495.13 Million in Sales Expected for Teradata Co. (TDC) This Quarter

Equities analysts expect that Teradata Co. (NYSE:TDC) will report sales of $495.13 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Teradata’s earnings, with estimates ranging from $490.00 million to $502.02 million. Teradata posted sales of $491.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The company is expected to announce its next earnings report on Thursday, April 26th.

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

Teradata (NYSE:TDC) last announced its earnings results on Thursday, February 8th. 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. The business had revenue of $626.00 million during the quarter, compared to analyst estimates of $610.50 million. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. Teradata’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS.

Several research analysts have recently weighed in on TDC shares. Royal Bank of Canada reissued a “hold” rating and issued a $30.00 price objective on shares of Teradata in a research report on Wednesday, October 18th. Deutsche Bank lifted their price objective on Teradata from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Mizuho reissued an “underperform” rating and issued a $32.00 price objective (up from $26.00) on shares of Teradata in a research report on Wednesday, November 1st. BMO Capital Markets lifted their price objective on Teradata from $32.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley lifted their price objective on Teradata from $29.00 to $31.00 and gave the stock an “underweight” rating in a research report on Friday, November 3rd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $34.82.

In other news, CFO Mark Culhane bought 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $37.66 per share, with a total value of $169,470.00. Following the transaction, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.73% of the company’s stock.

A number of institutional investors have recently modified their holdings of TDC. Alyeska Investment Group L.P. increased its position in Teradata by 259.2% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock valued at $93,402,000 after buying an additional 1,994,620 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Teradata in the 3rd quarter valued at about $33,107,000. TIAA CREF Investment Management LLC increased its position in Teradata by 41.7% in 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 in the last quarter. Jennison Associates LLC bought a new stake in Teradata in the 4th quarter valued at about $24,693,000. Finally, OppenheimerFunds Inc. increased its position in Teradata by 88.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,275,590 shares of the technology company’s stock valued at $49,058,000 after buying an additional 599,015 shares in the last quarter. 97.94% of the stock is owned by institutional investors and hedge funds.

Teradata (NYSE TDC) opened at $36.69 on Thursday. The stock has a market capitalization of $4,440.00, a price-to-earnings ratio of -66.71, a P/E/G ratio of 11.19 and a beta of 1.23. 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 12-month low of $27.05 and a 12-month high of $42.74.

Teradata announced that its Board of Directors has approved a share repurchase plan on Thursday, February 8th that permits the company to repurchase $310.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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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