Teledyne Technologies (TDY) to Release Earnings on Wednesday

Teledyne Technologies (NYSE:TDY) will release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Teledyne Technologies to post earnings of $4.64 per share for the quarter. Teledyne Technologies has set its Q1 guidance at $4.55-4.65 EPS and its FY24 guidance at $20.35-20.68 EPS.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $4.94 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect Teledyne Technologies to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Teledyne Technologies Trading Down 0.0 %

NYSE TDY traded down $0.05 on Thursday, hitting $400.22. The company’s stock had a trading volume of 40,937 shares, compared to its average volume of 212,804. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Teledyne Technologies has a 1-year low of $364.98 and a 1-year high of $448.19. The company’s 50-day moving average is $421.94 and its 200 day moving average is $415.10. The firm has a market cap of $18.96 billion, a PE ratio of 21.66, a PEG ratio of 2.58 and a beta of 1.02.

Wall Street Analysts Forecast Growth

TDY has been the subject of several recent research reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Needham & Company LLC decreased their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $515.67.

Insider Buying and Selling

In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now directly owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael T. Smith sold 511 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total value of $220,241.00. Following the completion of the sale, the director now owns 56,492 shares in the company, valued at $24,348,052. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the sale, the director now owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 over the last ninety days. 1.88% of the stock is owned by corporate insiders.

Institutional Trading of Teledyne Technologies

A number of large investors have recently added to or reduced their stakes in TDY. Axxcess Wealth Management LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter worth about $227,000. Cetera Advisors LLC bought a new stake in Teledyne Technologies during the fourth quarter valued at approximately $223,000. Federated Hermes Inc. lifted its position in Teledyne Technologies by 7.5% during the first quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Teledyne Technologies by 10.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 445 shares of the scientific and technical instruments company’s stock valued at $183,000 after purchasing an additional 42 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Teledyne Technologies in the 2nd quarter worth approximately $164,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.