Analysts Anticipate Teradyne, Inc. (TER) Will Announce Quarterly Sales of $537.87 Million

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Brokerages expect that Teradyne, Inc. (NYSE:TER) will post $537.87 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Teradyne’s earnings, with estimates ranging from $534.60 million to $540.00 million. Teradyne reported sales of $526.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The company is expected to announce its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Teradyne will report full-year sales of $2.12 billion for the current financial year, with estimates ranging from $2.09 billion to $2.16 billion. For the next year, analysts forecast that the company will post sales of $2.44 billion, with estimates ranging from $2.32 billion to $2.51 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Teradyne.

Teradyne (NYSE:TER) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $494.00 million during the quarter, compared to the consensus estimate of $476.23 million. During the same period in the previous year, the firm posted $0.45 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year.

TER has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a report on Friday, April 26th. Stifel Nicolaus lifted their price objective on shares of Teradyne from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Cowen reaffirmed a “market perform” rating and set a $50.00 price objective (up from $40.00) on shares of Teradyne in a report on Thursday, April 25th. Credit Suisse Group reaffirmed a “hold” rating on shares of Teradyne in a report on Friday, January 25th. Finally, DA Davidson lifted their price objective on shares of Teradyne to $48.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.60.

In related news, insider Brad Robbins sold 10,000 shares of Teradyne stock in a transaction on Friday, April 26th. The shares were sold at an average price of $49.46, for a total value of $494,600.00. Following the transaction, the insider now owns 43,840 shares in the company, valued at approximately $2,168,326.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gregory R. Beecher sold 40,296 shares of Teradyne stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $47.97, for a total transaction of $1,932,999.12. Following the completion of the transaction, the chief financial officer now owns 46,322 shares in the company, valued at approximately $2,222,066.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,345 shares of company stock worth $3,751,648. 0.49% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of TER. Norges Bank purchased a new position in Teradyne in the 4th quarter worth $76,752,000. Renaissance Technologies LLC increased its position in shares of Teradyne by 132.5% in the first quarter. Renaissance Technologies LLC now owns 4,099,200 shares of the semiconductor company’s stock valued at $163,312,000 after acquiring an additional 2,336,100 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Teradyne by 2,983.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 2,258,762 shares during the period. Two Sigma Investments LP increased its position in shares of Teradyne by 3,764.3% in the fourth quarter. Two Sigma Investments LP now owns 1,106,933 shares of the semiconductor company’s stock valued at $34,736,000 after acquiring an additional 1,078,288 shares during the period. Finally, Millennium Management LLC increased its position in shares of Teradyne by 128.8% in the fourth quarter. Millennium Management LLC now owns 1,435,489 shares of the semiconductor company’s stock valued at $45,046,000 after acquiring an additional 808,110 shares during the period.

Shares of NYSE TER traded down $2.07 during mid-day trading on Friday, reaching $43.83. 2,641,211 shares of the company were exchanged, compared to its average volume of 2,336,563. Teradyne has a 52 week low of $28.73 and a 52 week high of $49.83. 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 has a market capitalization of $7.56 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.02 and a beta of 1.25.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, May 28th. Teradyne’s payout ratio is presently 15.38%.

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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