Teledyne Technologies (NYSE:TDY) Announces Quarterly Earnings Results

Teledyne Technologies (NYSE:TDY) issued its earnings results on Wednesday. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13, Briefing.com reports. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.05 earnings per share.

Teledyne Technologies Stock Performance

Shares of TDY stock opened at $472.86 on Friday. The business’s 50 day simple moving average is $434.94 and its 200 day simple moving average is $410.18. Teledyne Technologies has a one year low of $355.41 and a one year high of $474.14. The stock has a market capitalization of $22.12 billion, a PE ratio of 25.71, a PEG ratio of 3.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TDY. Vertical Research began coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target on the stock. Needham & Company LLC boosted their price target on Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen boosted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Teledyne Technologies has an average rating of “Moderate Buy” and a consensus price target of $474.50.

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.