Teradata (NYSE:TDC) Issues Earnings Results

Teradata (NYSE:TDC) posted its quarterly earnings data on Monday. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02, Briefing.com reports. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. Teradata’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS.

Teradata Stock Performance

Teradata stock traded up $0.72 during mid-day trading on Monday, hitting $37.96. 1,816,895 shares of the company’s stock traded hands, compared to its average volume of 1,097,657. The company has a market cap of $3.71 billion, a PE ratio of 61.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. Teradata has a one year low of $35.36 and a one year high of $57.73. The firm has a 50 day moving average price of $37.74 and a 200 day moving average price of $42.33.

Analysts Set New Price Targets

TDC has been the topic of several recent research reports. Morgan Stanley downgraded shares of Teradata from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $74.00 to $48.00 in a report on Tuesday, February 13th. Citigroup boosted their target price on shares of Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Bank of America cut shares of Teradata from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $58.00 to $48.00 in a research note on Tuesday, February 13th. JMP Securities reissued a “market outperform” rating and issued a $72.00 price target on shares of Teradata in a research note on Tuesday, February 13th. Finally, StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.33.

Insider Buying and Selling at Teradata

In related news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares of the company’s stock, valued at approximately $20,191,702.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,615 shares of company stock valued at $2,903,644. Company insiders own 0.92% of the company’s stock.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.