Teradyne (TER) Set to Announce Earnings on Wednesday

Teradyne (NASDAQ:TER) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Teradyne has set its Q3 2024 guidance at 0.660-0.860 EPS and its Q3 guidance at $0.66-0.86 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. On average, analysts expect Teradyne to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Teradyne Stock Performance

Shares of Teradyne stock opened at $127.36 on Wednesday. The company has a market capitalization of $19.88 billion, a PE ratio of 48.43, a P/E/G ratio of 2.64 and a beta of 1.49. The company has a 50-day simple moving average of $129.81 and a two-hundred day simple moving average of $131.29. Teradyne has a one year low of $81.07 and a one year high of $163.21.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s payout ratio is 18.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TER. Northland Securities reduced their price target on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. Robert W. Baird boosted their target price on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, UBS Group raised their price target on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Hold” and a consensus price target of $142.57.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock worth $1,979,834 in the last three months. Company insiders own 0.36% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.