Analysts Expect Teradyne, Inc. (TER) to Post $0.44 Earnings Per Share

Analysts predict that Teradyne, Inc. (NYSE:TER) will post $0.44 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Teradyne’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.45. Teradyne reported earnings per share of $0.45 during the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The company is expected to issue its next quarterly earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Teradyne will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.15 to $2.46. For the next financial year, analysts forecast that the business will post earnings of $2.86 per share, with EPS estimates ranging from $2.58 to $3.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Teradyne.

Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.13. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The company had revenue of $520.00 million for the quarter, compared to analysts’ expectations of $494.17 million. During the same period in the prior year, the company posted $0.46 EPS. Teradyne’s revenue was up 8.6% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Northland Securities started coverage on shares of Teradyne in a research report on Tuesday, December 18th. They set a “market perform” rating and a $35.00 price objective for the company. Stifel Nicolaus cut their price objective on shares of Teradyne from $47.00 to $42.50 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. Credit Suisse Group restated a “hold” rating on shares of Teradyne in a research report on Friday, January 25th. Finally, Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.04.

Shares of TER stock traded up $1.54 during mid-day trading on Friday, hitting $43.56. The company had a trading volume of 133,335 shares, compared to its average volume of 2,386,376. Teradyne has a 52-week low of $28.73 and a 52-week high of $45.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.76 and a current ratio of 4.10. The company has a market capitalization of $7.46 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 22nd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, February 21st. Teradyne’s dividend payout ratio (DPR) is 15.38%.

In other news, insider Mark E. Jagiela sold 139,935 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $39.19, for a total transaction of $5,484,052.65. Following the completion of the sale, the insider now owns 335,555 shares in the company, valued at $13,150,400.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Charles Jeffrey Gray sold 33,156 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $36.69, for a total value of $1,216,493.64. Following the sale, the vice president now owns 35,415 shares of the company’s stock, valued at approximately $1,299,376.35. The disclosure for this sale can be found here. Insiders sold 211,079 shares of company stock valued at $8,102,210 over the last ninety days. 0.49% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Teradyne by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 1,858,833 shares of the semiconductor company’s stock worth $58,330,000 after acquiring an additional 61,482 shares during the period. Norges Bank acquired a new stake in Teradyne in the fourth quarter valued at $76,752,000. Nordea Investment Management AB grew its holdings in Teradyne by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 129,612 shares of the semiconductor company’s stock valued at $4,068,000 after purchasing an additional 24,016 shares during the last quarter. Amalgamated Bank grew its holdings in Teradyne by 4.1% in the fourth quarter. Amalgamated Bank now owns 37,224 shares of the semiconductor company’s stock valued at $1,168,000 after purchasing an additional 1,469 shares during the last quarter. Finally, HRT Financial LLC acquired a new stake in Teradyne in the fourth quarter valued at $625,000.

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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