Teradata (TDC) Announces Earnings Results, Beats Estimates By $0.05 EPS

Teradata (NYSE:TDC) announced its quarterly earnings results on Thursday. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05, Morningstar.com reports. Teradata had a negative net margin of 2.91% and a positive return on equity of 16.91%. The company had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $534.95 million. During the same quarter in the previous year, the business posted $0.29 EPS. Teradata’s revenue was up .0% compared to the same quarter last year.

Teradata stock traded down $0.85 during midday trading on Friday, hitting $35.77. The stock had a trading volume of 2,942,900 shares, compared to its average volume of 1,143,078. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 44.79, a P/E/G ratio of 4.46 and a beta of 1.07. Teradata has a 52-week low of $33.63 and a 52-week high of $44.27. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 0.86.

A number of brokerages have weighed in on TDC. Zacks Investment Research lowered Teradata from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Barclays boosted their target price on Teradata from $31.00 to $34.00 and gave the stock an “underweight” rating in a research report on Friday, September 7th. Stifel Nicolaus boosted their target price on Teradata from $49.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, Standpoint Research lowered shares of Teradata from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Tuesday, July 24th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.09.

In related news, EVP Daniel L. Harrington sold 13,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $40.35, for a total value of $524,550.00. Following the completion of the sale, the executive vice president now directly owns 92,995 shares of the company’s stock, valued at approximately $3,752,348.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.22% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TDC. Contravisory Investment Management Inc. boosted its stake in Teradata by 924.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 3,628 shares of the technology company’s stock worth $137,000 after purchasing an additional 3,274 shares during the period. Everett Harris & Co. CA bought a new position in Teradata in the 2nd quarter worth approximately $201,000. Seven Eight Capital LP bought a new position in Teradata in the 3rd quarter worth approximately $249,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in Teradata in the 3rd quarter worth approximately $250,000. Finally, Cubist Systematic Strategies LLC bought a new position in Teradata in the 1st quarter worth approximately $251,000. Institutional investors and hedge funds own 99.10% of the company’s stock.

Teradata Company Profile

Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.

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Earnings History for Teradata (NYSE:TDC)

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