Teradyne Inc. (NYSE:TER) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.39-0.49 for the period, compared to the Thomson Reuters consensus estimate of $0.60, StockRatingsNetwork.com reports. The company issued revenue guidance of $425-465, compared to the consensus revenue estimate of $523.50 million.
Several analysts have recently commented on the stock. Analysts at Needham & Company raised their price target on shares of Teradyne from $19.00 to $23.00 in a research note to investors on Monday, July 15th. They now have a buy rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Teradyne in a research note to investors on Thursday, July 4th. They now have a $18.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Teradyne to a focus list rating in a research note to investors on Tuesday, June 4th.
Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $21.10.
Shares of Teradyne Inc. (NYSE: TER) traded down 2.37% during mid-day trading on Wednesday, hitting $17.29. Teradyne Inc. has a one year low of $13.10 and a one year high of $18.73. The stock’s 50-day moving average is currently $17.6. The company has a market cap of $3.296 billion and a P/E ratio of 21.68.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.11. The company had revenue of $428.89 million for the quarter, compared to the consensus estimate of $407.39 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 21.8% on a year-over-year basis. Teradyne has set its Q3 guidance at $0.39-0.49 EPS. On average, analysts predict that Teradyne Inc. will post $1.38 earnings per share for the current fiscal year.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.