Equities Analysts Set Expectations for Teradata Co.’s Q3 2024 Earnings (NYSE:TDC)

Teradata Co. (NYSE:TDC) – Equities research analysts at Northland Capmk increased their Q3 2024 earnings estimates for Teradata in a research report issued on Thursday, June 20th. Northland Capmk analyst N. Chokshi now anticipates that the technology company will post earnings of $0.22 per share for the quarter, up from their prior forecast of $0.21. The consensus estimate for Teradata’s current full-year earnings is $1.14 per share.

A number of other equities analysts also recently weighed in on the stock. TD Cowen dropped their price target on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Evercore ISI cut their price objective on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Bank of America cut shares of Teradata from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $48.00 to $39.00 in a research note on Tuesday, May 7th. JMP Securities dropped their price target on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Tuesday, May 7th. Finally, StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.90.

Teradata Stock Performance

Shares of TDC opened at $34.32 on Monday. Teradata has a 52 week low of $31.48 and a 52 week high of $57.73. The company has a debt-to-equity ratio of 9.83, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market capitalization of $3.32 billion, a PE ratio of 81.71, a PEG ratio of 2.31 and a beta of 0.83. The company’s 50 day moving average price is $34.20 and its 200 day moving average price is $39.17.

Teradata (NYSE:TDC) last announced its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. During the same period in the previous year, the business earned $0.40 EPS. The company’s revenue was down 2.3% on a year-over-year basis.

Hedge Funds Weigh In On Teradata

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its stake in shares of Teradata by 3.2% in the 3rd quarter. HighTower Advisors LLC now owns 13,526 shares of the technology company’s stock valued at $604,000 after purchasing an additional 424 shares in the last quarter. UBS Group AG boosted its position in Teradata by 6.0% in the third quarter. UBS Group AG now owns 174,707 shares of the technology company’s stock valued at $7,865,000 after buying an additional 9,834 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Teradata by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 99,221 shares of the technology company’s stock worth $4,467,000 after buying an additional 25,895 shares in the last quarter. FMR LLC raised its stake in shares of Teradata by 24.4% in the third quarter. FMR LLC now owns 1,241,111 shares of the technology company’s stock valued at $55,875,000 after acquiring an additional 243,806 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Teradata by 124.5% in the 3rd quarter. Invesco Ltd. now owns 594,626 shares of the technology company’s stock worth $26,770,000 after acquiring an additional 329,808 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradata

In related news, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the transaction, the chief executive officer now owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael D. Hutchinson sold 18,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $32.96, for a total transaction of $609,760.00. Following the sale, the insider now directly owns 55,190 shares in the company, valued at $1,819,062.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.95, for a total value of $319,500.00. Following the completion of the transaction, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.