Zacks: Brokerages Expect Teradyne, Inc. (TER) to Announce $0.44 EPS

Brokerages predict that Teradyne, Inc. (NYSE:TER) will post earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Teradyne’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.45. Teradyne posted earnings of $0.45 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The business is expected to issue its next quarterly earnings report 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 fiscal year, analysts anticipate that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.58 to $3.10. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Teradyne.

Teradyne (NYSE:TER) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.13. The business had revenue of $520.00 million for the quarter, compared to the consensus estimate of $494.17 million. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share.

TER has been the subject of a number of recent research reports. Bank of America cut shares of Teradyne from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Monday, November 26th. Citigroup reaffirmed a “buy” rating and set a $41.00 price objective (down previously from $47.00) on shares of Teradyne in a research report on Monday, December 17th. Robert W. Baird cut shares of Teradyne from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $50.68 to $29.89 in a research report on Friday, December 21st. Credit Suisse Group reaffirmed a “hold” rating on shares of Teradyne in a research report on Friday, January 25th. Finally, Northland Securities began 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. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.04.

In other news, insider Gregory Stephen Smith sold 11,210 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $36.82, for a total value of $412,752.20. Following the completion of the transaction, the insider now owns 25,993 shares of the company’s stock, valued at $957,062.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Jagiela sold 139,935 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $39.19, for a total value of $5,484,052.65. Following the completion of the transaction, the insider now directly owns 335,555 shares of the company’s stock, valued at approximately $13,150,400.45. The disclosure for this sale can be found here. Insiders sold 211,079 shares of company stock valued at $8,102,210 in the last three months. Company insiders own 0.49% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Teradyne in the fourth quarter valued at approximately $76,752,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Teradyne by 2,983.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 2,258,762 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teradyne by 15.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,966,313 shares of the semiconductor company’s stock worth $61,703,000 after purchasing an additional 262,014 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Teradyne by 1.9% in the 3rd quarter. Primecap Management Co. CA now owns 1,879,172 shares of the semiconductor company’s stock worth $69,492,000 after purchasing an additional 34,160 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Teradyne by 11.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,870,875 shares of the semiconductor company’s stock worth $58,708,000 after purchasing an additional 192,340 shares in the last quarter.

Shares of Teradyne stock traded up $1.19 during trading on Friday, reaching $40.46. The company’s stock had a trading volume of 3,890,333 shares, compared to its average volume of 2,424,144. The stock has a market cap of $6.82 billion, a PE ratio of 17.29, a PEG ratio of 2.02 and a beta of 1.25. Teradyne has a 52 week low of $28.73 and a 52 week high of $50.29. 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 22nd will be issued a $0.09 dividend. The ex-dividend date is Thursday, February 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.89%. Teradyne’s dividend payout ratio (DPR) is currently 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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