Analysts expect Teradyne, Inc. (NYSE:TER) to announce $475.76 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Teradyne’s earnings. The lowest sales estimate is $473.06 million and the highest is $479.23 million. Teradyne posted sales of $456.91 million in the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Teradyne will report full year sales of $475.76 million for the current year, with estimates ranging from $2.19 billion to $2.28 billion. For the next year, analysts expect that the firm will report sales of $2.48 billion per share, with estimates ranging from $2.45 billion to $2.51 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Teradyne.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. Teradyne had a net margin of 12.06% and a return on equity of 23.37%. The company had revenue of $479.00 million for the quarter, compared to the consensus estimate of $438.85 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue was up 26.1% compared to the same quarter last year.
In other news, CFO Gregory R. Beecher sold 71,300 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 77,676 shares of the company’s stock, valued at $3,617,371.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Charles Jeffrey Gray sold 32,238 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $46.31, for a total transaction of $1,492,941.78. Following the completion of the sale, the vice president now directly owns 37,057 shares in the company, valued at $1,716,109.67. The disclosure for this sale can be found here. Insiders have sold a total of 146,009 shares of company stock valued at $6,731,077 in the last 90 days. 0.62% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. grew its position in Teradyne by 2,678.1% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,195 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 4,044 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Teradyne in the 4th quarter worth about $156,000. Focused Wealth Management Inc bought a new stake in Teradyne in the 4th quarter worth about $163,000. Krilogy Financial LLC bought a new stake in Teradyne in the 3rd quarter worth about $179,000. Finally, We Are One Seven LLC bought a new stake in Teradyne in the 4th quarter worth about $179,000. 98.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Teradyne (TER) traded up $0.35 during trading on Friday, reaching $49.35. 1,457,542 shares of the company’s stock traded hands, compared to its average volume of 2,550,000. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.00 and a quick ratio of 4.76. The company has a market capitalization of $9,640.00, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. Teradyne has a 1 year low of $29.68 and a 1 year high of $50.68.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, February 23rd will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from Teradyne’s previous quarterly dividend of $0.07. Teradyne’s payout ratio is 16.29%.
Teradyne announced that its Board of Directors has approved a share buyback plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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Teradyne Company Profile
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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