Teradata (NYSE:TDC) Releases FY 2021 Earnings Guidance

Teradata (NYSE:TDC) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.920-$1.960 for the period, compared to the Thomson Reuters consensus estimate of $1.970. The company issued revenue guidance of -.Teradata also updated its FY 2022 guidance to $1.600-$1.700 EPS.

Several equities analysts have recently issued reports on the stock. Cowen boosted their price target on shares of Teradata from $43.00 to $50.00 and gave the company a market perform rating in a report on Friday, September 10th. Citigroup boosted their price target on shares of Teradata from $53.00 to $59.00 and gave the company a buy rating in a report on Friday, August 6th. JMP Securities upped their target price on shares of Teradata from $70.00 to $78.00 and gave the stock a buy rating in a research note on Friday, September 10th. Craig Hallum reaffirmed a buy rating and issued a $88.00 target price on shares of Teradata in a research note on Friday, September 10th. Finally, Zacks Investment Research raised shares of Teradata from a hold rating to a buy rating and set a $54.00 target price for the company in a research note on Wednesday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Teradata currently has a consensus rating of Buy and a consensus price target of $55.40.

NYSE:TDC traded down $0.63 on Friday, hitting $50.63. 19,899 shares of the company’s stock were exchanged, compared to its average volume of 1,699,451. The firm has a 50-day moving average price of $51.39 and a 200-day moving average price of $47.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.13. Teradata has a 52 week low of $17.99 and a 52 week high of $59.58. The company has a market cap of $5.52 billion, a P/E ratio of 57.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Thursday, August 5th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.21 by $0.30. Teradata had a net margin of 5.24% and a return on equity of 41.02%. The firm had revenue of $491.00 million for the quarter, compared to analysts’ expectations of $475.80 million. On average, research analysts expect that Teradata will post 1.22 earnings per share for the current fiscal year.

In other Teradata news, CRO Todd Cione sold 48,319 shares of the business’s stock in a transaction dated Thursday, July 8th. The shares were sold at an average price of $46.12, for a total transaction of $2,228,472.28. Following the sale, the executive now directly owns 309,010 shares of the company’s stock, valued at approximately $14,251,541.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.92% of the company’s stock.

An institutional investor recently raised its position in Teradata stock. Morgan Stanley increased its position in Teradata Co. (NYSE:TDC) by 60.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 323,627 shares of the technology company’s stock after purchasing an additional 121,822 shares during the quarter. Morgan Stanley owned approximately 0.30% of Teradata worth $16,171,000 as of its most recent SEC filing. Institutional investors own 91.61% of the company’s stock.

Teradata Company Profile

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

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