Wall Street brokerages predict that Teradata Corporation (NYSE:TDC) will announce sales of $514.56 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Teradata Corporation’s earnings. The lowest sales estimate is $508.40 million and the highest is $518.00 million. Teradata Corporation reported sales of $552.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.8%. The firm is expected to issue its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Teradata Corporation will report full year sales of $514.56 million for the current financial year, with estimates ranging from $2.08 billion to $2.12 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.09 billion per share, with estimates ranging from $2.02 billion to $2.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Teradata Corporation.
Teradata Corporation (NYSE:TDC) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The firm had revenue of $513 million for the quarter, compared to analysts’ expectations of $519.79 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year.
TDC has been the topic of a number of research reports. TheStreet downgraded Teradata Corporation from a “b-” rating to a “c” rating in a research note on Thursday, April 27th. BTIG Research initiated coverage on Teradata Corporation in a research note on Monday, April 17th. They issued a “neutral” rating on the stock. Deutsche Bank AG restated a “hold” rating and issued a $30.00 price target (down from $32.00) on shares of Teradata Corporation in a research note on Saturday, April 29th. Sanford C. Bernstein initiated coverage on Teradata Corporation in a research note on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 price target on the stock. Finally, BidaskClub upgraded Teradata Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.22.
In related news, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the transaction, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor L. Lund bought 31,270 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the transaction, the insider now directly owns 111,447 shares of the company’s stock, valued at approximately $3,560,731.65. The disclosure for this purchase can be found here. 1.73% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of TDC. Eqis Capital Management Inc. boosted its stake in Teradata Corporation by 62.3% in the first quarter. Eqis Capital Management Inc. now owns 28,544 shares of the technology company’s stock worth $888,000 after buying an additional 10,953 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Teradata Corporation during the first quarter worth approximately $201,000. Great West Life Assurance Co. Can boosted its stake in Teradata Corporation by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock worth $1,064,000 after buying an additional 86 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Teradata Corporation by 16.3% in the first quarter. North Star Investment Management Corp. now owns 8,126 shares of the technology company’s stock worth $253,000 after buying an additional 1,140 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Teradata Corporation by 26.6% in the first quarter. Janney Montgomery Scott LLC now owns 14,821 shares of the technology company’s stock worth $461,000 after buying an additional 3,116 shares in the last quarter.
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Shares of Teradata Corporation (TDC) traded up 1.29% on Friday, hitting $32.89. The stock had a trading volume of 1,603,692 shares. Teradata Corporation has a 12 month low of $26.27 and a 12 month high of $33.32. The stock has a 50 day moving average of $29.33 and a 200-day moving average of $29.79. The stock has a market cap of $4.21 billion, a PE ratio of 42.88 and a beta of 1.28.
Teradata Corporation Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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