Teledyne Technologies (NYSE:TDY) Issues FY25 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $21.10-21.50 for the period, compared to the consensus estimate of $21.58. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TDY. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen boosted their target price on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group initiated coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Finally, Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $550.00 in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Buy” and an average target price of $531.00.

Teledyne Technologies Stock Up 0.7 %

Shares of TDY opened at $515.10 on Friday. The stock has a 50 day moving average price of $472.07 and a 200 day moving average price of $445.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 2.33. The stock has a market capitalization of $24.00 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.24 and a beta of 1.01. Teledyne Technologies has a one year low of $355.41 and a one year high of $518.85.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.23 by $0.29. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1,451,400 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $5.44 earnings per share. Equities research analysts forecast that Teledyne Technologies will post 21.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Vice Chairman Jason Vanwees sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. This represents a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael T. Smith sold 2,025 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total value of $968,456.25. Following the sale, the director now directly owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,525 shares of company stock valued at $26,080,464. 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.