Equities analysts expect that Teradyne (NYSE:TER) will post sales of $475.76 million for the current quarter, Zacks reports. Six analysts have provided estimates for Teradyne’s earnings, with estimates ranging from $473.06 million to $479.23 million. Teradyne posted sales of $456.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The business is expected to issue its next earnings results after the market closes on Tuesday, April 24th.
On average, analysts expect that Teradyne will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $2.19 billion to $2.28 billion. For the next financial year, analysts forecast that the company will report sales of $2.47 billion per share, with estimates ranging from $2.43 billion to $2.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Teradyne.
Teradyne (NYSE:TER) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $479.00 million during the quarter, compared to analyst estimates of $438.85 million. Teradyne had a return on equity of 23.37% and a net margin of 12.06%. Teradyne’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share.
Shares of NYSE TER traded down $0.55 during trading hours on Friday, reaching $40.90. The stock had a trading volume of 5,931,174 shares, compared to its average volume of 2,439,280. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 5.00. The firm has a market capitalization of $8,100.27, a price-to-earnings ratio of 17.48, a PEG ratio of 1.18 and a beta of 1.13. Teradyne has a 52-week low of $29.68 and a 52-week high of $50.68.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Teradyne’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.88%. Teradyne’s dividend payout ratio is presently 15.38%.
Teradyne declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In other news, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $44.96, for a total transaction of $1,348,800.00. Following the transaction, the insider now directly owns 244,516 shares of the company’s stock, valued at $10,993,439.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Charles Jeffrey Gray sold 5,040 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $47.25, for a total value of $238,140.00. Following the transaction, the vice president now directly owns 31,593 shares in the company, valued at $1,492,769.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,009 shares of company stock worth $6,731,077. Insiders own 0.49% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Teradyne during the fourth quarter worth $156,000. Focused Wealth Management Inc acquired a new position in shares of Teradyne during the fourth quarter worth $163,000. We Are One Seven LLC acquired a new position in shares of Teradyne during the fourth quarter worth $179,000. Fiduciary Trust Co. acquired a new position in shares of Teradyne during the fourth quarter worth $205,000. Finally, Delta Capital Management LLC acquired a new position in shares of Teradyne during the fourth quarter worth $206,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.
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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