Teradata (NYSE:TDC) Updates Q2 2022 Earnings Guidance

Teradata (NYSE:TDCGet Rating) issued an update on its second quarter 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.26-$0.30 for the period, compared to the consensus estimate of $0.51. The company issued revenue guidance of -.Teradata also updated its FY 2022 guidance to $1.55-$1.65 EPS.

Shares of NYSE TDC traded down $1.16 during midday trading on Monday, reaching $34.68. 39,053 shares of the company traded hands, compared to its average volume of 1,081,055. Teradata has a 12 month low of $34.93 and a 12 month high of $59.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.07. The stock’s 50-day simple moving average is $46.01 and its 200-day simple moving average is $46.06. The firm has a market cap of $3.55 billion, a PE ratio of 29.91, a PEG ratio of 1.21 and a beta of 1.08.

Teradata (NYSE:TDCGet Rating) last announced its earnings results on Thursday, May 5th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $490.86 million. Teradata had a net margin of 6.76% and a return on equity of 37.05%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. On average, equities research analysts expect that Teradata will post 1.6 EPS for the current year.

TDC has been the subject of a number of recent analyst reports. TheStreet raised Teradata from a c+ rating to a b- rating in a report on Tuesday, February 8th. Bank of America upped their price target on shares of Teradata from $71.00 to $76.00 and gave the stock a buy rating in a research report on Tuesday, February 8th. Craig Hallum dropped their target price on shares of Teradata from $65.00 to $57.00 in a research note on Friday. Citigroup increased their price target on shares of Teradata from $48.00 to $56.00 and gave the company a buy rating in a research note on Tuesday, February 8th. Finally, Credit Suisse Group lowered their price target on shares of Teradata from $40.00 to $34.00 and set an underperform rating for the company in a report on Tuesday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $56.36.

In other Teradata news, insider Margaret A. Treese sold 4,000 shares of Teradata stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $45.30, for a total transaction of $181,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy C. K. Chou sold 4,092 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $45.82, for a total transaction of $187,495.44. Following the sale, the director now owns 18,229 shares in the company, valued at $835,252.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,940 shares of company stock worth $3,041,408. Company insiders own 0.69% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Teradata in the 4th quarter valued at about $229,000. Comerica Bank raised its holdings in Teradata by 1.0% during the fourth quarter. Comerica Bank now owns 50,708 shares of the technology company’s stock worth $2,022,000 after acquiring an additional 522 shares in the last quarter. Deutsche Bank AG grew its stake in Teradata by 216.5% in the fourth quarter. Deutsche Bank AG now owns 51,160 shares of the technology company’s stock valued at $2,173,000 after purchasing an additional 34,994 shares in the last quarter. Vident Investment Advisory LLC increased its position in shares of Teradata by 9.5% during the 4th quarter. Vident Investment Advisory LLC now owns 53,369 shares of the technology company’s stock worth $2,267,000 after purchasing an additional 4,643 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Teradata by 48.5% in the 4th quarter. Penserra Capital Management LLC now owns 60,004 shares of the technology company’s stock valued at $2,548,000 after buying an additional 19,598 shares during the last quarter. 98.54% of the stock is owned by institutional investors.

Teradata Company Profile (Get Rating)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

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