Teradata (NYSE:TDC) Releases 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 $0.05 during midday trading on Monday, hitting $36.53. The company had a trading volume of 7,303 shares, compared to its average volume of 1,103,599. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.87 and a quick ratio of 0.85. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 1.45 and a beta of 1.08. Teradata has a 12-month low of $33.38 and a 12-month high of $59.38. The company has a fifty day moving average of $44.75 and a two-hundred day moving average of $45.26.

Teradata (NYSE:TDCGet Rating) last issued its earnings results on Thursday, May 5th. The technology company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $496.00 million during the quarter, compared to the consensus estimate of $490.86 million. Teradata had a net margin of 6.76% and a return on equity of 42.19%. Teradata’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. Research analysts expect that Teradata will post 0.93 earnings per share for the current fiscal year.

Several research firms have commented on TDC. Morgan Stanley increased their price objective on shares of Teradata from $56.00 to $57.00 and gave the company an overweight rating in a report on Tuesday, February 8th. Cowen increased their price objective on shares of Teradata from $47.00 to $48.00 and gave the company a market perform rating in a report on Tuesday, February 8th. Bank of America increased their price objective on shares of Teradata from $71.00 to $76.00 and gave the company a buy rating in a report on Tuesday, February 8th. Craig Hallum dropped their price objective on shares of Teradata from $65.00 to $57.00 in a report on Friday, May 6th. Finally, StockNews.com downgraded shares of Teradata from a strong-buy rating to a buy rating in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $54.55.

In other news, Director Timothy C. K. Chou sold 2,265 shares of the stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $49.06, for a total transaction of $111,120.90. Following the transaction, the director now directly owns 22,321 shares in the company, valued at $1,095,068.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 22,443 shares of the stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $49.29, for a total transaction of $1,106,215.47. The disclosure for this sale can be found here. Insiders sold a total of 58,940 shares of company stock worth $2,860,208 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Graham Capital Management L.P. acquired a new stake in Teradata in the first quarter valued at approximately $944,000. Ontario Teachers Pension Plan Board boosted its stake in Teradata by 9.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,743 shares of the technology company’s stock valued at $579,000 after acquiring an additional 1,055 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Teradata by 45.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 952,550 shares of the technology company’s stock valued at $46,952,000 after acquiring an additional 297,586 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Teradata by 48.6% in the first quarter. Lazard Asset Management LLC now owns 1,933 shares of the technology company’s stock valued at $95,000 after acquiring an additional 632 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Teradata by 151.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 742,333 shares of the technology company’s stock valued at $36,590,000 after buying an additional 446,630 shares during the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

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.

Read More

Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.