Teradyne, Inc. (TER) Expected to Post Earnings of $0.62 Per Share

Wall Street analysts expect Teradyne, Inc. (NYSE:TER) to report earnings per share (EPS) of $0.62 for the current quarter, Zacks reports. Six analysts have issued estimates for Teradyne’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.65. Teradyne posted earnings per share of $0.59 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Teradyne will report full-year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.48. For the next financial year, analysts forecast that the company will post earnings of $2.97 per share, with EPS estimates ranging from $2.74 to $3.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Teradyne.

Teradyne (NYSE:TER) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The firm had revenue of $494.00 million during the quarter, compared to analysts’ expectations of $476.23 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year.

A number of brokerages recently commented on TER. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research note on Friday, April 26th. DA Davidson raised their price target on shares of Teradyne to $48.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Robert W. Baird upgraded shares of Teradyne from a “neutral” rating to an “outperform” rating and raised their price target for the company from $39.00 to $55.00 in a report on Thursday, April 25th. Cowen restated a “market perform” rating and issued a $50.00 price target (up previously from $40.00) on shares of Teradyne in a report on Thursday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of Teradyne from $48.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $45.60.

In other Teradyne news, Director Michael A. Bradley sold 27,049 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $48.95, for a total value of $1,324,048.55. Following the completion of the sale, the director now owns 74,008 shares of the company’s stock, valued at $3,622,691.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory R. Beecher sold 40,296 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $47.97, for a total transaction of $1,932,999.12. Following the completion of the sale, the chief financial officer now directly owns 46,322 shares of the company’s stock, valued at approximately $2,222,066.34. The disclosure for this sale can be found here. Insiders sold 77,345 shares of company stock worth $3,751,648 in the last 90 days. 0.49% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. PRW Wealth Management LLC purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $27,000. Rockefeller Capital Management L.P. purchased a new stake in Teradyne during the first quarter valued at approximately $29,000. Capital Financial Planning LLC purchased a new stake in Teradyne during the fourth quarter valued at approximately $31,000. Exane Derivatives purchased a new stake in Teradyne during the first quarter valued at approximately $36,000. Finally, Zions Bancorporation N.A. purchased a new stake in Teradyne during the first quarter valued at approximately $50,000.

Shares of NYSE:TER traded up $0.32 on Friday, reaching $45.21. 1,742,957 shares of the company were exchanged, compared to its average volume of 2,312,706. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23. Teradyne has a 1-year low of $28.73 and a 1-year high of $49.83. The stock has a market cap of $7.75 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $0.36 annualized dividend and a yield of 0.80%. Teradyne’s payout ratio is 15.38%.

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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