Teledyne Technologies (TDY) Scheduled to Post Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY – Get Rating) is scheduled to announce its earnings results before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $4.52 per share for the quarter. Teledyne Technologies has set its Q4 guidance at $4.46-$4.56 EPS and its FY22 guidance at $17.70-$17.80 EPS.

Teledyne Technologies (NYSE:TDY – Get Rating) last issued its earnings results on Wednesday, October 26th. The scientific and technical instruments company reported $4.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.24. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Teledyne Technologies had a return on equity of 10.95% and a net margin of 13.37%. On average, analysts expect Teledyne Technologies to post $18 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Teledyne Technologies Price Performance

TDY traded up $2.54 during midday trading on Tuesday, hitting $410.32. The stock had a trading volume of 285,882 shares, compared to its average volume of 185,673. The company has a market cap of $19.23 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. Teledyne Technologies has a 1 year low of $325.00 and a 1 year high of $493.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.78. The business has a fifty day moving average of $408.37 and a 200 day moving average of $388.35.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Teledyne Technologies in a research note on Monday, December 12th. They set an “outperform” rating and a $503.00 price objective for the company. Morgan Stanley raised Teledyne Technologies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $445.00 to $488.00 in a research note on Monday, December 12th. Finally, StockNews.com initiated coverage on Teledyne Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $487.67.

Insider Activity at Teledyne Technologies

In related news, VP Cynthia Y. Belak sold 5,046 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the completion of the transaction, the vice president now owns 4,457 shares in the company, valued at $1,836,506.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Cynthia Y. Belak sold 5,046 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $412.05, for a total transaction of $2,079,204.30. Following the completion of the transaction, the vice president now owns 4,457 shares in the company, valued at $1,836,506.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sue Main sold 9,000 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $420.03, for a total value of $3,780,270.00. Following the completion of the transaction, the chief financial officer now owns 39,349 shares of the company’s stock, valued at approximately $16,527,760.47. The disclosure for this sale can be found here. Insiders sold a total of 19,505 shares of company stock worth $8,156,036 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teledyne Technologies

Institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in Teledyne Technologies by 7.5% in the first quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company’s stock worth $204,000 after purchasing an additional 30 shares in the last quarter. Toroso Investments LLC bought a new position in Teledyne Technologies in the first quarter worth $232,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Teledyne Technologies by 21.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 622 shares of the scientific and technical instruments company’s stock worth $233,000 after purchasing an additional 110 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Teledyne Technologies in the third quarter worth $234,000. Finally, Sawtooth Solutions LLC bought a new position in Teledyne Technologies in the first quarter worth $236,000. Institutional investors own 91.10% of the company’s stock.

About Teledyne Technologies

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Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks.