Teradyne (NYSE:TER) updated its third quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.64-0.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.63. The company issued revenue guidance of $540-580 million, compared to the consensus revenue estimate of $541.1 million.Teradyne also updated its Q3 guidance to $0.64-0.74 EPS.
Several research firms have recently weighed in on TER. Zacks Investment Research downgraded Heritage Insurance from a hold rating to a strong sell rating in a report on Friday, April 26th. Robert W. Baird boosted their target price on Facebook from $195.00 to $215.00 and gave the company an outperform rating in a report on Thursday, April 25th. Stifel Nicolaus reduced their target price on Align Technology from $360.00 to $290.00 and set a buy rating for the company in a report on Thursday. Cowen boosted their target price on ServiceNow from $260.00 to $280.00 and gave the stock an outperform rating in a research report on Thursday, April 25th. Finally, Credit Suisse Group reiterated a buy rating and set a $425.00 target price on shares of Boeing in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Teradyne presently has a consensus rating of Hold and an average target price of $48.00.
Shares of TER traded up $1.25 on Friday, reaching $57.15. The stock had a trading volume of 17,419 shares, compared to its average volume of 2,334,771. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The company’s 50-day moving average is $46.58. Teradyne has a twelve month low of $28.73 and a twelve month high of $58.61.
Teradyne (NYSE:TER) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The business had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $536.72 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Teradyne will post 2.25 EPS for the current year.
In related news, Director Michael A. Bradley sold 27,049 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $48.95, for a total value of $1,324,048.55. Following the sale, the director now owns 74,008 shares of the company’s stock, valued at approximately $3,622,691.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.
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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