Teledyne Technologies (NYSE:TDY – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $19.25-$19.45 for the period, compared to the consensus EPS estimate of $19.38. Teledyne Technologies also updated its FY 2024 guidance to 19.250-19.450 EPS.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TDY. Vertical Research initiated coverage on Teledyne Technologies in a research report on Tuesday. They set a buy rating and a $470.00 target price on the stock. TD Cowen dropped their price target on Teledyne Technologies from $475.00 to $450.00 and set a buy rating on the stock in a research report on Thursday, April 25th. Bank of America cut Teledyne Technologies from a buy rating to a neutral rating and dropped their price target for the company from $490.00 to $400.00 in a research report on Friday, April 26th. StockNews.com cut Teledyne Technologies from a buy rating to a hold rating in a research report on Friday. Finally, Needham & Company LLC lifted their price objective on Teledyne Technologies from $455.00 to $482.00 and gave the company a buy rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Teledyne Technologies currently has a consensus rating of Moderate Buy and an average price target of $474.57.
View Our Latest Stock Report on TDY
Teledyne Technologies Price Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) 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 analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned $4.67 EPS. Teledyne Technologies’s revenue was down 3.8% on a year-over-year basis. On average, analysts forecast that Teledyne Technologies will post 19.34 EPS 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.
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