Teradyne, Inc. (NASDAQ:TER) Expected to Report Quarterly Sales of $744.03 Million
Brokers expect Teradyne, Inc. (NASDAQ:TER – Get Rating) to report sales of $744.03 million for the current fiscal quarter, Zacks reports. Four analysts have released earnings estimates for Teradyne, with the lowest sales estimate of $731.00 million and the highest estimate of $765.00 million. Teradyne reported sales of $781.61 million in the same quarter last year, indicating a negative growth rate of 4.8% year over year. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Teradyne to report annual revenue of $3.45 billion for the current fiscal year, with estimates ranging from $3.32 billion to $3.61 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $4.19 billion, with estimates ranging from $3.89 billion to $4.54 billion. Zacks sales averages are an average average based on a survey of sell-side analysts who provide coverage for Teradyne.
Teradyne (NASDAQ:TER – Get Rating) last announced its results on Wednesday, January 26. The company reported EPS of $1.37 for the quarter, beating the consensus estimate of $1.29 by $0.08. Teradyne had a return on equity of 42.38% and a net margin of 27.57%. The company posted revenue of $885.05 million for the quarter, versus a consensus estimate of $868.59 million. During the same period of the previous year, the company achieved EPS of $1.10. Teradyne’s revenues increased by 16.6% compared to the same quarter last year.
A number of stock analysts have weighed in on the stock recently. Deutsche Bank Aktiengesellschaft downgraded Teradyne’s shares from a “buy” rating to a “hold” rating and reduced its target price for the stock from $170.00 to $120.00 in a Friday research note January 28. Susquehanna Bancshares lowered its price target on Teradyne shares from $165.00 to $150.00 and rated the stock “positive” in a Friday, January 28 report. KeyCorp began covering Teradyne shares in a report on Tuesday, January 25. They issued an “overweight” rating and a price target of $180.00 on the stock. Cowen lowered his price target on Teradyne shares from $180.00 to $160.00 and set an “outperform” rating on the stock in a Thursday, Jan. 27, report. Finally, Susquehanna lowered its target price on Teradyne shares from $165.00 to $150.00 in a Friday, January 28 report. One analyst has assigned the stock a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Buy” and a consensus price target of $149.63.
TER opened at $109.61 on Thursday. The company has a quick ratio of 2.90, a current ratio of 3.20 and a leverage ratio of 0.03. Teradyne has a 12 month low of $102.51 and a 12 month high of $168.91. The company has a fifty-day simple moving average of $115.37 and a 200-day simple moving average of $132.10. The stock has a market capitalization of $17.71 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.02 and a beta of 1.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18. Investors of record on Friday, February 18 received a dividend of $0.11. This is an increase from Teradyne’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, February 17. This represents a dividend of $0.44 on an annualized basis and a dividend yield of 0.40%. Teradyne’s dividend payout ratio (DPR) is currently 7.93%.
Separately, CFO Sanjay Mehta sold 1,875 shares of the company in a trade on Monday, January 24. The shares were sold at an average price of $140.54, for a total transaction of $263,512.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, insider Brad Robbins sold 3,145 shares of the company in a trade dated Thursday, Jan. 27. The stock was sold at an average price of $106.92, for a total transaction of $336,263.40. The disclosure of this sale can be found here. Insiders sold 24,775 shares of the company worth $2,901,506 in the past ninety days. Insiders own 0.36% of the shares of the company.
A number of large investors have recently changed their stock holdings. Nordea Investment Management AB increased its stake in Teradyne by 112.7% in the third quarter. Nordea Investment Management AB now owns 3,714,188 shares of the company valued at $408,932,000 after purchasing an additional 1,967,848 shares in the last quarter. Norges Bank bought a new position in Teradyne during Q4, valued at approximately $264,189,000. Ardevora Asset Management LLP bought a new position in Teradyne during Q4, valued at approximately $83,248,000. Renaissance Technologies LLC purchased a new stock position in Teradyne in Q3 valued at approximately $51,004,000. Finally, Victory Capital Management Inc. increased its stake in Teradyne shares by 385.7% in the 4th quarter. Victory Capital Management Inc. now owns 520,940 shares of the company valued at $85,190,000 after purchasing an additional 413,694 shares during the period. Institutional investors hold 93.91% of the company’s shares.
About Teradyne (Get a rating)
Teradyne, Inc engages in the development and sale of automated test systems. It operates through the following segments: semiconductor test, industrial automation, system test, wireless and enterprise test and others. The Semiconductor Testing segment designs, manufactures and markets semiconductor testing products and services.
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