Teledyne Technologies (NYSE:TDY) Releases FY24 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $19.35-$19.45 for the period, compared to the consensus estimate of $19.43. Teledyne Technologies also updated its FY 2024 guidance to 19.350-19.450 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Vertical Research started coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. TD Cowen raised their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC upped their price objective on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Teledyne Technologies Trading Down 0.8 %

Shares of TDY stock opened at $469.19 on Friday. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.11 and a beta of 1.01. The company’s fifty day simple moving average is $435.99 and its two-hundred day simple moving average is $410.56. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $475.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $5.05 earnings per share. Teledyne Technologies’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts anticipate that Teledyne Technologies will post 19.43 earnings per share for the current year.

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.