After finishing at $105.45 in the prior trading day, Teradyne, Inc. (NASDAQ: TER) closed at $103.85, down -1.52%. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 1646662 shares were traded. TER stock price reached its highest trading level at $106.23 during the session, while it also had its lowest trading level at $102.75.
Ratios:
Our goal is to gain a better understanding of TER by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.35. For the most recent quarter (mrq), Quick Ratio is recorded 2.05 and its Current Ratio is at 3.28. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on February 15, 2024, Upgraded its rating to Neutral and sets its target price to $100 from $90 previously.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $110.
BofA Securities Downgraded its Neutral to Underperform on December 15, 2023, while the target price for the stock was maintained at $100.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 ’24 when MADDOCK ERNEST E bought 1,000 shares for $94.07 per share. The transaction valued at 94,070 led to the insider holds 4,728 shares of the business.
Mehta Sanjay sold 8,653 shares of TER for $909,424 on Jan 30 ’24. The VP and Chief Financial Officer now owns 31,180 shares after completing the transaction at $105.10 per share. On Jan 30 ’24, another insider, Burns Richard John, who serves as the President, Semiconductor Test of the company, sold 1,744 shares for $104.89 each. As a result, the insider received 182,928 and left with 16,734 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TER now has a Market Capitalization of 15.90B and an Enterprise Value of 15.16B. As of this moment, Teradyne,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.98, and their Forward P/E ratio for the next fiscal year is 22.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.96 while its Price-to-Book (P/B) ratio in mrq is 6.28. Its current Enterprise Value per Revenue stands at 5.66 whereas that against EBITDA is 23.68.
Stock Price History:
Over the past 52 weeks, TER has reached a high of $119.20, while it has fallen to a 52-week low of $81.07. The 50-Day Moving Average of the stock is 103.43, while the 200-Day Moving Average is calculated to be 101.75.
Shares Statistics:
The stock has traded on average 1.80M shares per day over the past 3-months and 1.58M shares per day over the last 10 days, according to various share statistics. A total of 152.70M shares are outstanding, with a floating share count of 152.41M. Insiders hold about 0.44% of the company’s shares, while institutions hold 104.93% stake in the company. Shares short for TER as of Feb 29, 2024 were 5.33M with a Short Ratio of 2.97, compared to 4.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.48% and a Short% of Float of 3.96%.
Dividends & Splits
In the trailing 12 months, TER’s forward annual dividend rate was 0.44, compared to 0.45 this year. Against a Trailing Annual Dividend Yield of 0.42%, it implies a Forward Annual Dividend Yield of 0.46%. The stock’s 5-year Average Dividend Yield is 0.47. The current Payout Ratio is 16.11% for TER, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 15, 2024. Stock splits for the company last occurred on Sep 01, 1999 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.38 and a low estimate of $0.3, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.6, with high estimates of $0.74 and low estimates of $0.5.
Analysts are recommending an EPS of between $3.49 and $2.62 for the fiscal current year, implying an average EPS of $2.93. EPS for the following year is $4.65, with 14 analysts recommending between $6.33 and $3.87.
Revenue Estimates
13 analysts predict $566.46M in revenue for the current quarter. It ranges from a high estimate of $575M to a low estimate of $552.2M. As of the current estimate, Teradyne, Inc.’s year-ago sales were $597.55M, an estimated decrease of -5.20% from the year-ago figure.
A total of 15 analysts have provided revenue estimates for TER’s current fiscal year. The highest revenue estimate was $2.96B, while the lowest revenue estimate was $2.64B, resulting in an average revenue estimate of $2.72B. In the same quarter a year ago, actual revenue was $2.68B, up 1.70% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $3.34B in the next fiscal year. The high estimate is $4.11B and the low estimate is $3.09B. The average revenue growth estimate for next year is up 22.50% from the average revenue estimate for this year.
