Teledyne Technologies (TDY) Receives Media Impact Rating of 0.20
Media stories about Teledyne Technologies (NYSE:TDY) have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Teledyne Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 45.4095960544786 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- Analyzing Teledyne Technologies (TDY) & Zebra Technologies Corporation (ZBRA) (americanbankingnews.com)
- Financial Review: Teledyne Technologies (TDY) vs. Uni-Pixel (UNXL) (americanbankingnews.com)
- Teledyne Technologies Incorporated (TDY) Given Average Rating of “” by Brokerages (americanbankingnews.com)
- Critical Analysis: Teledyne Technologies (TDY) & InvenSense (INVN) (americanbankingnews.com)
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Teledyne Technologies from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a report on Tuesday, August 8th. BidaskClub upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $150.00 target price (up previously from $145.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $157.00 target price (up previously from $148.00) on shares of Teledyne Technologies in a report on Wednesday, August 9th.
Teledyne Technologies (TDY) opened at 145.31 on Monday. Teledyne Technologies has a one year low of $101.90 and a one year high of $148.62. The stock has a 50 day moving average price of $140.41 and a 200-day moving average price of $132.48. The stock has a market cap of $5.13 billion, a PE ratio of 26.79 and a beta of 0.98.
Teledyne Technologies (NYSE:TDY) last released its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.49. The firm had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $636.18 million. Teledyne Technologies had a net margin of 8.96% and a return on equity of 14.45%. Teledyne Technologies’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 EPS. Equities research analysts expect that Teledyne Technologies will post $5.69 earnings per share for the current fiscal year.
In other news, SVP Jason Vanwees sold 6,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $147.07, for a total transaction of $882,420.00. Following the completion of the sale, the senior vice president now directly owns 35,159 shares of the company’s stock, valued at approximately $5,170,834.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael T. Smith sold 3,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $134.72, for a total transaction of $404,160.00. Following the sale, the director now directly owns 33,806 shares of the company’s stock, valued at $4,554,344.32. The disclosure for this sale can be found here. Insiders have sold a total of 21,590 shares of company stock valued at $2,992,080 over the last three months. Corporate insiders own 3.30% of the company’s stock.
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Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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