Teledyne Technologies (NYSE:TDY) Issues Q1 Earnings Guidance

Teledyne Technologies (NYSE:TDY) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $4.80-4.90 for the period, compared to the consensus EPS estimate of $5.02. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. UBS Group started coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price for the company. 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 research note on Thursday, October 24th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC upped 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, November 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies has a consensus rating of “Buy” and an average price target of $531.00.

Teledyne Technologies Trading Up 6.5 %

TDY stock opened at $511.63 on Thursday. The company has a market capitalization of $23.84 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 3.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.00. Teledyne Technologies has a one year low of $355.41 and a one year high of $515.99. The company’s 50 day moving average price is $471.57 and its two-hundred day moving average price is $445.02.

Teledyne Technologies (NYSE:TDY) last issued its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same quarter last year, the company earned $5.44 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that Teledyne Technologies will post 19.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the transaction, the chairman now owns 171,802 shares in the company, valued at $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the sale, the insider now owns 2,900 shares in the company, valued at approximately $1,417,259. This trade represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,525 shares of company stock worth $26,080,464. 2.14% of the stock is currently owned by insiders.

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.