Teledyne Technologies (NYSE:TDY) Updates Q4 2024 Earnings Guidance

Teledyne Technologies (NYSE:TDY) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.130-5.230 for the period, compared to the consensus estimate of 5.330. The company issued revenue guidance of -. Teledyne Technologies also updated its FY 2024 guidance to 19.350-19.450 EPS.

Teledyne Technologies Trading Up 4.6 %

Shares of NYSE TDY traded up $20.19 during midday trading on Wednesday, hitting $463.68. 172,049 shares of the company traded hands, compared to its average volume of 238,974. Teledyne Technologies has a 12-month low of $355.41 and a 12-month high of $463.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The stock has a 50-day moving average price of $432.52 and a 200 day moving average price of $409.32. The firm has a market cap of $21.97 billion, a P/E ratio of 23.99, a P/E/G ratio of 3.16 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.67 EPS. As a group, analysts expect that Teledyne Technologies will post 19.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDY. Vertical Research began coverage on shares of Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective on the stock. 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 upped their price target on 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 stock. According to MarketBeat.com, Teledyne Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $450.50.

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.