Wall Street brokerages expect that Teradyne (NYSE:TER) will report earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Teradyne’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. Teradyne reported earnings per share of $0.90 in the same quarter last year, which indicates a negative year over year growth rate of 45.6%. The company is expected to announce its next earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Teradyne will report full-year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.96. For the next fiscal year, analysts expect that the business will post earnings of $2.60 per share, with EPS estimates ranging from $2.40 to $2.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last released its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $487.00 million for the quarter, compared to the consensus estimate of $478.77 million. Teradyne had a return on equity of 23.45% and a net margin of 11.97%. Teradyne’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS.
TER has been the topic of several research reports. Zacks Investment Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 28th. UBS initiated coverage on Teradyne in a report on Wednesday, April 4th. They set a “neutral” rating and a $49.00 price objective on the stock. Robert W. Baird upgraded Teradyne from a “neutral” rating to an “outperform” rating in a report on Thursday, April 26th. Bank of America initiated coverage on Teradyne in a report on Wednesday, March 21st. They set a “buy” rating and a $58.00 price objective on the stock. Finally, ValuEngine upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $47.15.
Teradyne traded down $0.33, hitting $37.39, during trading on Thursday, according to MarketBeat.com. 3,953,341 shares of the stock were exchanged, compared to its average volume of 5,259,420. The company has a market capitalization of $7.31 billion, a P/E ratio of 15.98, a PEG ratio of 1.45 and a beta of 1.17. Teradyne has a 1 year low of $29.68 and a 1 year high of $50.68. The company has a quick ratio of 5.26, a current ratio of 5.51 and a debt-to-equity ratio of 0.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Thursday, May 31st will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, May 30th. This represents a $0.36 annualized dividend and a yield of 0.96%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.
Teradyne announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its position in Teradyne by 147.0% during the 1st quarter. IFP Advisors Inc now owns 3,164 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 1,883 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Teradyne during the 4th quarter valued at $156,000. Focused Wealth Management Inc acquired a new stake in shares of Teradyne in the 4th quarter worth $163,000. We Are One Seven LLC acquired a new stake in shares of Teradyne in the 4th quarter worth $179,000. Finally, Fiduciary Trust Co. acquired a new stake in shares of Teradyne in the 4th quarter worth $205,000. 99.00% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.