Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 19.250-19.450 for the period, compared to the consensus EPS estimate of 20.560. The company issued revenue guidance of -. Teledyne Technologies also updated its FY24 guidance to $19.25-19.45 EPS.
Teledyne Technologies Stock Down 0.6 %
Teledyne Technologies stock opened at $374.64 on Friday. The company’s 50 day simple moving average is $416.42 and its 200 day simple moving average is $414.39. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.17.
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $4.63 by ($0.08). Teledyne Technologies had a return on equity of 10.54% and a net margin of 15.81%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $4.53 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teledyne Technologies will post 19.35 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Research Report on TDY
Insider Activity
In related news, Director Kenneth C. Dahlberg sold 4,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares in the company, valued at $8,110,568.85. The sale was disclosed in a filing with the SEC, which is available through this link. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of 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 document filed with the SEC, which is available at the SEC website. Also, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $432.91, for a total transaction of $1,731,640.00. Following the transaction, the director now directly owns 18,735 shares of the company’s stock, valued at $8,110,568.85. The disclosure for this sale can be found here. Insiders have sold 6,711 shares of company stock worth $2,890,621 over the last ninety days. Insiders own 2.14% 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.
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