Teradyne (TER) Scheduled to Post Earnings on Wednesday

Teradyne (NASDAQ:TER) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Teradyne to post earnings of $0.76 per share for the quarter. Teradyne has set its Q2 2024 guidance at 0.640-0.840 EPS and its Q2 guidance at $0.64-0.84 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. On average, analysts expect Teradyne to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $154.46 on Tuesday. Teradyne has a 1 year low of $81.07 and a 1 year high of $163.21. The firm has a market cap of $24.11 billion, a P/E ratio of 58.73, a PEG ratio of 2.74 and a beta of 1.50. The stock has a fifty day moving average price of $146.35 and a two-hundred day moving average price of $120.57.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.31%. Teradyne’s dividend payout ratio is currently 18.25%.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the sale, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the sale, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock worth $1,304,763 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Teradyne from $112.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. KeyCorp lifted their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Stifel Nicolaus raised their price objective on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Teradyne presently has an average rating of “Hold” and an average target price of $139.64.

Teradyne Company Profile

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.