What is Zacks Research’s Estimate for TDY FY2024 Earnings?

Teledyne Technologies Incorporated (NYSE:TDY) – Equities researchers at Zacks Research raised their FY2024 EPS estimates for Teledyne Technologies in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings of $19.45 per share for the year, up from their prior estimate of $19.39. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.44 per share. Zacks Research also issued estimates for Teledyne Technologies’ Q1 2025 earnings at $5.11 EPS, Q3 2025 earnings at $5.45 EPS, Q2 2026 earnings at $5.54 EPS and Q3 2026 earnings at $5.79 EPS.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm earned $5.05 earnings per share. Teledyne Technologies’s quarterly revenue was up 2.9% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC boosted their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $450.00 to $550.00 in a report on Friday, November 8th. TD Cowen boosted their price target 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. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has an average rating of “Buy” and a consensus price target of $517.50.

Teledyne Technologies Trading Down 2.1 %

TDY opened at $476.56 on Friday. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The company has a market cap of $22.21 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 3.38 and a beta of 1.01. The company has a fifty day moving average price of $448.38 and a two-hundred day moving average price of $417.49.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 3,925 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. This represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.14% of the company’s stock.

Institutional Trading of Teledyne Technologies

Institutional investors have recently modified their holdings of the business. Wolff Wiese Magana LLC purchased a new stake in shares of Teledyne Technologies during the 3rd quarter valued at approximately $27,000. American National Bank purchased a new stake in shares of Teledyne Technologies during the 2nd quarter valued at approximately $28,000. Innealta Capital LLC bought a new stake in Teledyne Technologies during the 2nd quarter worth approximately $28,000. Tortoise Investment Management LLC increased its holdings in Teledyne Technologies by 48.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 24 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Teledyne Technologies during the 3rd quarter worth approximately $32,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.