Teledyne Technologies (NYSE:TDY) Updates FY25 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $21.10-21.50 for the period, compared to the consensus estimate of $21.58. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $480.61 on Wednesday. The business has a 50 day simple moving average of $471.72 and a 200-day simple moving average of $444.32. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $492.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The stock has a market capitalization of $22.40 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.96 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same quarter last year, the business earned $5.44 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Teledyne Technologies will post 19.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. UBS Group assumed 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. TD Cowen upped their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC increased their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $531.00.

Insider Activity at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the sale, the insider now directly owns 2,900 shares in the company, valued at $1,417,259. This represents a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert Mehrabian sold 3,925 shares of Teledyne Technologies stock in a transaction that occurred on 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 transaction, the chairman now owns 171,802 shares of the company’s stock, 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. In the last three months, insiders have sold 53,525 shares of company stock valued at $26,080,464. Insiders own 1.88% of the company’s stock.

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.