$475.76 Million in Sales Expected for Teradyne (TER) This Quarter

Equities analysts expect that Teradyne (NYSE:TER) will post sales of $475.76 million for the current quarter, Zacks reports. Six analysts have provided estimates for Teradyne’s earnings, with estimates ranging from $473.06 million to $479.23 million. Teradyne posted sales of $456.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The business is expected to issue its next earnings results after the market closes on Tuesday, April 24th.

On average, analysts expect that Teradyne will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $2.19 billion to $2.28 billion. For the next financial year, analysts forecast that the company will report sales of $2.47 billion per share, with estimates ranging from $2.43 billion to $2.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Teradyne.

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Teradyne (NYSE:TER) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.12. The firm had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. Teradyne’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS.

Several research firms have commented on TER. UBS began coverage on shares of Teradyne in a research note on Wednesday, April 4th. They set a “neutral” rating and a $49.00 target price on the stock. Evercore ISI raised shares of Teradyne from an “in-line” rating to an “outperform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Citigroup raised their target price on shares of Teradyne from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Needham & Company LLC raised their target price on shares of Teradyne from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $48.85.

In other news, insider Gregory Stephen Smith sold 7,431 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $44.51, for a total transaction of $330,753.81. Following the completion of the transaction, the insider now owns 6,599 shares in the company, valued at approximately $293,721.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Charles Jeffrey Gray sold 32,238 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $46.31, for a total transaction of $1,492,941.78. Following the transaction, the vice president now owns 37,057 shares of the company’s stock, valued at approximately $1,716,109.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,009 shares of company stock valued at $6,731,077. Insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Oakbrook Investments LLC boosted its holdings in shares of Teradyne by 6.4% in the fourth quarter. Oakbrook Investments LLC now owns 18,520 shares of the semiconductor company’s stock worth $775,000 after buying an additional 1,120 shares during the period. Cypress Capital Management LLC WY boosted its holdings in shares of Teradyne by 10.7% in the fourth quarter. Cypress Capital Management LLC WY now owns 11,765 shares of the semiconductor company’s stock worth $493,000 after buying an additional 1,140 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Teradyne by 22.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,517 shares of the semiconductor company’s stock worth $243,000 after buying an additional 1,209 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Teradyne by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 38,958 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 1,265 shares during the period. Finally, Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in shares of Teradyne by 1.0% in the fourth quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 134,676 shares of the semiconductor company’s stock worth $5,639,000 after buying an additional 1,275 shares during the period. Institutional investors own 98.59% of the company’s stock.

Teradyne stock traded down $0.55 during trading hours on Friday, hitting $40.90. 5,931,174 shares of the company traded hands, compared to its average volume of 2,439,280. The stock has a market cap of $8,100.27, a price-to-earnings ratio of 17.48, a PEG ratio of 1.18 and a beta of 1.13. The company has a current ratio of 5.00, a quick ratio of 4.76 and a debt-to-equity ratio of 0.19. Teradyne has a 1-year low of $29.68 and a 1-year high of $50.68.

Teradyne declared that its board has authorized a stock buyback plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd were given a dividend of $0.09 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.88%. Teradyne’s dividend payout ratio (DPR) is 15.38%.

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Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Earnings History and Estimates for Teradyne (NYSE:TER)

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