Teradata (NYSE:TDC) Updates FY 2022 Earnings Guidance

Teradata (NYSE:TDCGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.55-$1.65 for the period, compared to the consensus estimate of $1.89. The company issued revenue guidance of -.Teradata also updated its Q2 2022 guidance to $0.26-$0.30 EPS.

Shares of NYSE:TDC traded down $0.05 on Monday, reaching $36.53. The company had a trading volume of 5,430 shares, compared to its average volume of 1,103,599. Teradata has a twelve month low of $33.38 and a twelve month high of $59.38. The stock has a 50-day moving average price of $44.75 and a 200 day moving average price of $45.26. The stock has a market capitalization of $3.82 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 1.60.

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

Several equities research analysts have recently weighed in on TDC shares. Credit Suisse Group lowered their price objective on Teradata from $40.00 to $34.00 and set an underperform rating on the stock in a research note on Tuesday, February 8th. StockNews.com lowered Teradata from a strong-buy rating to a buy rating in a research report on Thursday, May 5th. Morgan Stanley increased their price target on Teradata from $56.00 to $57.00 and gave the stock an overweight rating in a research report on Tuesday, February 8th. Craig Hallum decreased their price target on Teradata from $65.00 to $57.00 in a research report on Friday, May 6th. Finally, Bank of America increased their price target on Teradata from $71.00 to $76.00 and gave the stock a buy rating in a research report on Tuesday, February 8th. Two equities research 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. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $54.55.

In related news, insider Kathleen R. Cullen-Cote sold 22,443 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $49.29, for a total transaction of $1,106,215.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy C. K. Chou sold 4,092 shares of the stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $45.82, for a total value of $187,495.44. Following the transaction, the director now owns 18,229 shares of the company’s stock, valued at approximately $835,252.78. The disclosure for this sale can be found here. In the last three months, insiders sold 58,940 shares of company stock worth $2,860,208. 0.69% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in Teradata by 0.9% during the fourth quarter. BlackRock Inc. now owns 10,132,960 shares of the technology company’s stock worth $430,348,000 after acquiring an additional 86,588 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Teradata by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,649,552 shares of the technology company’s stock valued at $81,309,000 after buying an additional 34,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 297,586 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Teradata by 151.0% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Teradata by 7.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 584,981 shares of the technology company’s stock valued at $24,845,000 after buying an additional 41,718 shares in the last quarter. Institutional investors own 98.54% of the company’s stock.

About Teradata (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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