Teradata Co. (NYSE:TDC – Get Rating) shares gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $30.04, but opened at $31.37. Teradata shares last traded at $31.69, with a volume of 9,681 shares changing hands.
The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Teradata had a net margin of 4.41% and a return on equity of 34.05%. The firm had revenue of $417.00 million for the quarter, compared to analysts’ expectations of $423.10 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis.
Wall Street Analyst Weigh In
TDC has been the subject of several recent analyst reports. Citigroup decreased their price target on Teradata from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, November 1st. Craig Hallum lowered their target price on shares of Teradata from $57.00 to $40.00 in a research note on Tuesday. StockNews.com assumed coverage on shares of Teradata in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Royal Bank of Canada decreased their price objective on shares of Teradata from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Barclays dropped their target price on shares of Teradata from $36.00 to $33.00 and set an “underweight” rating on the stock in a report on Tuesday, October 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.67.
Institutional Trading of Teradata
Teradata Trading Up 3.1 %
The stock has a 50 day moving average of $31.20 and a 200-day moving average of $35.19. The company has a market capitalization of $3.24 billion, a P/E ratio of 42.44, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 2.45.
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.
- Get a free copy of the StockNews.com research report on Teradata (TDC)
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