Teledyne Technologies (NYSE:TDY – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.350-19.450 for the period, compared to the consensus earnings per share estimate of 19.430. The company issued revenue guidance of -. Teledyne Technologies also updated its FY24 guidance to $19.35-$19.45 EPS.
Wall Street Analysts Forecast Growth
TDY has been the subject of several research reports. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Vertical Research assumed coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company. Finally, Needham & Company LLC lifted their price target on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.
Check Out Our Latest Stock Report on TDY
Teledyne Technologies Price Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, topping the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.67 earnings per share. As a group, research 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.
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