Teledyne Technologies (NYSE:TDY) Releases Q1 Earnings Guidance

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

Teledyne Technologies Price Performance

Shares of TDY opened at $511.63 on Thursday. The company’s fifty day simple moving average is $471.57 and its 200 day simple moving average is $445.02. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $515.99. The company has a market cap of $23.84 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 3.00 and a beta of 1.01. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.29. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1,451,400 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.44 earnings per share. On average, research analysts forecast that Teledyne Technologies will post 19.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TDY shares. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target on the stock. TD Cowen increased their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their price target on Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $531.00.

Insiders Place Their Bets

In related news, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. This represents a 34.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 46,075 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,525 shares of company stock worth $26,080,464. 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.