Teledyne Technologies (TDY) Scheduled to Post Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY) will be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $4.64 per share for the quarter. Teledyne Technologies has set its Q1 guidance at $4.55-4.65 EPS and its FY24 guidance at $20.35-20.68 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $4.94 EPS. On average, analysts expect Teledyne Technologies to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Teledyne Technologies Stock Performance

Shares of Teledyne Technologies stock opened at $404.08 on Tuesday. The firm’s fifty day simple moving average is $420.22 and its 200-day simple moving average is $415.23. The stock has a market capitalization of $19.15 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.58 and a beta of 1.02. Teledyne Technologies has a 12 month low of $364.98 and a 12 month high of $448.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17.

Insider Transactions at Teledyne Technologies

In other news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the transaction, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Simon M. Lorne sold 2,200 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the transaction, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth C. Dahlberg sold 4,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the completion of the sale, the director now owns 18,735 shares in the company, valued at $8,110,568.85. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 in the last ninety days. 1.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TDY shares. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Needham & Company LLC dropped their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $515.67.

About Teledyne Technologies

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.