Teledyne Technologies (NYSE:TDY – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.350-19.450 for the period, compared to the consensus earnings per share estimate of 19.430. The company issued revenue guidance of -. Teledyne Technologies also updated its Q4 2024 guidance to 5.130-5.230 EPS.
Wall Street Analysts Forecast Growth
Several research firms have commented on TDY. Vertical Research initiated coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price target for the company. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Teledyne Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $450.50.
View Our Latest Analysis on TDY
Teledyne Technologies Trading Down 0.8 %
Teledyne Technologies (NYSE:TDY – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business posted $4.67 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Teledyne Technologies will post 19.43 earnings per share for the current fiscal year.
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.
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