Analysts expect Teradyne, Inc. (NYSE:TER) to report earnings per share (EPS) of $0.42 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Teradyne’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. Teradyne posted earnings of $0.44 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The company is expected to issue its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Teradyne will report full year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.22 to $2.60. For the next fiscal year, analysts anticipate that the company will report earnings of $2.98 per share, with EPS estimates ranging from $2.90 to $3.06. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.12. The business had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $438.85 million. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS.
In other Teradyne news, CFO Gregory R. Beecher sold 71,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $46.57, for a total value of $3,320,441.00. Following the completion of the transaction, the chief financial officer now directly owns 77,676 shares in the company, valued at approximately $3,617,371.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Charles Jeffrey Gray sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $47.25, for a total transaction of $238,140.00. Following the completion of the transaction, the vice president now owns 31,593 shares of the company’s stock, valued at $1,492,769.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,009 shares of company stock valued at $6,731,077. Corporate insiders own 0.62% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Teradyne by 2,678.1% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 4,044 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Teradyne in the 4th quarter valued at $156,000. Focused Wealth Management Inc bought a new stake in shares of Teradyne in the 4th quarter valued at $163,000. Krilogy Financial LLC bought a new stake in shares of Teradyne in the 3rd quarter valued at $179,000. Finally, We Are One Seven LLC bought a new stake in shares of Teradyne in the 4th quarter valued at $179,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Teradyne (TER) traded up $1.59 during mid-day trading on Tuesday, reaching $44.90. 3,196,854 shares of the company were exchanged, compared to its average volume of 3,130,000. The firm has a market cap of $8,810.00, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. Teradyne has a twelve month low of $28.38 and a twelve month high of $48.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 5.00.
Teradyne declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 23rd will be given a $0.09 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 22nd. Teradyne’s dividend payout ratio is 12.73%.
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Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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