Teradyne, Inc. (NYSE:TER) Expected to Post Quarterly Sales of $567.90 Million

Wall Street brokerages forecast that Teradyne, Inc. (NYSE:TER) will report sales of $567.90 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Teradyne’s earnings, with the lowest sales estimate coming in at $561.46 million and the highest estimate coming in at $572.00 million. Teradyne reported sales of $566.85 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.2%. The company is expected to announce its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Teradyne will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.11 billion to $2.17 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.45 billion, with estimates ranging from $2.38 billion to $2.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Teradyne.

Teradyne (NYSE:TER) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The firm had revenue of $564.00 million for the quarter, compared to analyst estimates of $536.72 million. During the same quarter last year, the company earned $0.59 EPS. The company’s revenue was up 7.0% on a year-over-year basis.

TER has been the subject of several recent research reports. Credit Suisse Group boosted their target price on shares of Teradyne from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Stifel Nicolaus downgraded Teradyne from a “buy” rating to a “hold” rating and lifted their price target for the company from $52.00 to $53.00 in a research note on Thursday, July 25th. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Saturday. Finally, Northland Securities reissued a “hold” rating on shares of Teradyne in a research note on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.44.

Shares of Teradyne stock traded up $0.90 during trading hours on Friday, reaching $57.75. The company’s stock had a trading volume of 1,239,455 shares, compared to its average volume of 2,306,474. The company has a market capitalization of $9.72 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.02 and a beta of 1.25. The stock’s fifty day simple moving average is $53.68 and its two-hundred day simple moving average is $46.57. Teradyne has a one year low of $28.73 and a one year high of $58.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, September 3rd. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.

In other Teradyne news, Director Marilyn Matz sold 500 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $57.00, for a total value of $28,500.00. Following the transaction, the director now owns 9,342 shares of the company’s stock, valued at $532,494. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 17,115 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $57.37, for a total value of $981,887.55. Following the completion of the transaction, the director now owns 61,742 shares of the company’s stock, valued at approximately $3,542,138.54. The disclosure for this sale can be found here. Insiders sold a total of 34,570 shares of company stock valued at $1,978,796 over the last ninety days. 0.49% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Davy Asset Management Ltd purchased a new position in Teradyne in the second quarter valued at about $1,998,000. Quantamental Technologies LLC increased its holdings in Teradyne by 164.3% in the 2nd quarter. Quantamental Technologies LLC now owns 24,093 shares of the semiconductor company’s stock worth $1,154,000 after acquiring an additional 14,977 shares during the last quarter. NEXT Financial Group Inc raised its stake in Teradyne by 117.4% in the 2nd quarter. NEXT Financial Group Inc now owns 3,261 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 1,761 shares during the period. Toth Financial Advisory Corp bought a new stake in Teradyne in the 2nd quarter valued at about $249,000. Finally, Chicago Equity Partners LLC lifted its holdings in Teradyne by 5.2% during the second quarter. Chicago Equity Partners LLC now owns 49,445 shares of the semiconductor company’s stock valued at $2,369,000 after purchasing an additional 2,430 shares during the last quarter.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Earnings History and Estimates for Teradyne (NYSE:TER)

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