Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.90-$5.00 for the period, compared to the consensus earnings per share estimate of $5.01. Teledyne Technologies also updated its FY 2024 guidance to 19.250-19.450 EPS.
Teledyne Technologies Stock Performance
NYSE TDY traded up $14.90 during trading hours on Wednesday, reaching $417.07. The stock had a trading volume of 536,877 shares, compared to its average volume of 249,706. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81. Teledyne Technologies has a 52-week low of $355.41 and a 52-week high of $448.19. The stock has a fifty day moving average of $393.36 and a 200 day moving average of $409.20. The stock has a market cap of $19.76 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 2.80 and a beta of 1.00.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping the consensus estimate of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $4.67 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Sell-side analysts predict that Teledyne Technologies will post 19.34 earnings per share for the current year.
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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.
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