Teradata (NYSE:TDC) Issues Earnings Results, Beats Estimates By $0.06 EPS

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Teradata (NYSE:TDC) issued its quarterly earnings results on Thursday. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06, Briefing.com reports. Teradata had a net margin of 1.07% and a return on equity of 23.03%. The company had revenue of $459.00 million during the quarter, compared to the consensus estimate of $485.62 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. Teradata updated its Q4 guidance to $0.13-0.18 EPS.

Shares of NYSE:TDC traded down $5.71 during trading on Friday, hitting $25.41. 12,394,579 shares of the company were exchanged, compared to its average volume of 1,178,967. The stock has a market capitalization of $3.47 billion, a P/E ratio of 28.88, a PEG ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.26. Teradata has a 12-month low of $23.71 and a 12-month high of $49.42. The firm’s 50 day moving average price is $29.93 and its 200-day moving average price is $34.21.

Teradata announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 11.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

A number of research analysts recently issued reports on TDC shares. Cowen downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $53.00 to $29.00 in a research note on Friday. Stifel Nicolaus downgraded shares of Teradata from a “buy” rating to a “hold” rating and decreased their price target for the stock from $60.00 to $25.00 in a research note on Friday. Morgan Stanley reiterated a “buy” rating and issued a $53.00 price target on shares of Teradata in a research note on Friday. ValuEngine downgraded shares of Teradata from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Deutsche Bank decreased their price target on shares of Teradata from $42.00 to $32.00 and set a “hold” rating for the company in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Teradata presently has an average rating of “Hold” and an average price target of $34.90.

About Teradata

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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Earnings History for Teradata (NYSE:TDC)

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