Teledyne Technologies (NYSE:TDY) Issues FY25 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $21.10-21.50 for the period, compared to the consensus earnings per share estimate of $21.58. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $515.10 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.33 and a debt-to-equity ratio of 0.28. Teledyne Technologies has a 52-week low of $355.41 and a 52-week high of $518.85. The firm has a market cap of $24.00 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The company’s 50 day moving average is $472.07 and its two-hundred day moving average is $445.49.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a return on equity of 9.94% and a net margin of 14.45%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same period last year, the firm earned $5.44 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts expect that Teledyne Technologies will post 21.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Teledyne Technologies news, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction on 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 transaction, the chairman now directly owns 171,802 shares in the company, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 53,525 shares of company stock valued at $26,080,464 over the last quarter. Company insiders own 2.14% of the company’s stock.

Teledyne Technologies Company Profile

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.