Teradyne (TER) Scheduled to Post Earnings on Wednesday

Teradyne (NASDAQ:TER) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Teradyne to post 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 participating in the company’s earnings conference call can do so using this link.

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

Teradyne Stock Down 0.9 %

Shares of Teradyne stock opened at $126.04 on Monday. The stock has a market capitalization of $20.57 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a 50-day simple moving average of $130.24 and a two-hundred day simple moving average of $131.63.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. Teradyne’s payout ratio is 15.79%.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on TER shares. StockNews.com lowered Teradyne from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup decreased their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Northland Securities cut their price objective on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, KeyCorp boosted their target price on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Hold” and an average target price of $142.57.

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.