What is Zacks Research’s Estimate for TDY FY2024 Earnings?

Teledyne Technologies Incorporated (NYSE:TDY) – Research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Teledyne Technologies in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings of $19.45 per share for the year, up from their prior estimate of $19.39. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.44 per share. Zacks Research also issued estimates for Teledyne Technologies’ Q1 2025 earnings at $5.11 EPS, Q3 2025 earnings at $5.45 EPS, Q2 2026 earnings at $5.54 EPS and Q3 2026 earnings at $5.79 EPS.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.05 EPS.

A number of other equities research analysts have also commented on TDY. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $450.00 to $550.00 in a research report on Friday, November 8th. Vertical Research began coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price for the company. TD Cowen raised their price target 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. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC lifted their target price 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. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $517.50.

Teledyne Technologies Trading Down 1.3 %

TDY opened at $470.15 on Friday. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The company has a market cap of $21.91 billion, a P/E ratio of 23.77, a PEG ratio of 3.38 and a beta of 1.01. The company’s 50 day moving average is $450.27 and its 200-day moving average is $418.51.

Insider Buying and Selling at Teledyne Technologies

In other news, Chairman Robert Mehrabian sold 3,925 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the sale, the chairman now owns 171,802 shares of the company’s stock, valued at $84,268,881. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new position in shares of Teledyne Technologies during the third quarter valued at about $27,000. American National Bank bought a new position in Teledyne Technologies in the second quarter worth approximately $28,000. Innealta Capital LLC bought a new position in Teledyne Technologies in the second quarter worth approximately $28,000. Tortoise Investment Management LLC grew its stake in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 24 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Teledyne Technologies during the third quarter valued at approximately $32,000. 91.58% of the stock is owned by institutional investors.

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.