Teledyne Technologies (NYSE:TDY) Releases Earnings Results, Beats Expectations By $0.30 EPS

Teledyne Technologies (NYSE:TDY) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.30, Zacks reports. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies updated its FY 2025 guidance to 21.100-21.500 EPS and its Q1 2025 guidance to 4.800-4.900 EPS.

Teledyne Technologies Stock Up 1.4 %

Shares of TDY stock opened at $480.61 on Wednesday. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a 50 day simple moving average of $471.72 and a two-hundred day simple moving average of $444.32. The stock has a market cap of $22.40 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.96 and a beta of 1.01. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TDY shares. TD Cowen lifted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. UBS Group started coverage on Teledyne Technologies in a report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 target price for the company. Needham & Company LLC increased their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $531.00.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the sale, the director now directly owns 54,935 shares in the company, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Robert Mehrabian sold 3,925 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $490.50, for a total value of $1,925,212.50. Following the completion of the sale, the chairman now owns 171,802 shares in the company, valued at $84,268,881. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,525 shares of company stock worth $26,080,464. Corporate insiders own 1.88% of the company’s stock.

Teledyne Technologies Company Profile

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.