Teledyne Technologies (NYSE:TDY) Updates Q1 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $4.80-4.90 for the period, compared to the consensus EPS estimate of $5.02. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Teledyne Technologies Trading Up 0.7 %

Shares of TDY stock opened at $515.10 on Friday. The business has a 50-day moving average of $472.07 and a 200 day moving average of $445.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.35. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $518.85. The stock has a market capitalization of $24.00 billion, a PE ratio of 29.90, a P/E/G ratio of 3.24 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TDY shares. TD Cowen lifted their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. UBS Group assumed coverage on shares of Teledyne Technologies in a 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 upped their target price for the stock from $450.00 to $550.00 in a report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $531.00.

Insider Buying and Selling

In related news, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies 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 completion of the sale, the director now owns 54,935 shares of the company’s stock, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $487.33, for a total value of $22,453,729.75. Following the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,525 shares of company stock valued at $26,080,464 over the last quarter. Corporate 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.