Teledyne Technologies (TDY) Scheduled to Post Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $4.64 per share for the quarter. Teledyne Technologies has set its Q1 guidance at $4.55-4.65 EPS and its FY24 guidance at $20.35-20.68 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $4.94 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect Teledyne Technologies to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Teledyne Technologies Trading Up 0.7 %

Shares of TDY opened at $404.08 on Tuesday. Teledyne Technologies has a 1-year low of $364.98 and a 1-year high of $448.19. The company has a 50-day moving average of $420.22 and a 200 day moving average of $415.23. The firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TDY. Needham & Company LLC reduced their price target on shares of Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $515.67.

Insider Transactions at Teledyne Technologies

In other news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Kenneth C. Dahlberg sold 4,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $432.91, for a total value of $1,731,640.00. Following the transaction, the director now owns 18,735 shares of the company’s stock, valued at approximately $8,110,568.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Simon M. Lorne sold 2,200 shares of Teledyne Technologies stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the transaction, the director now directly owns 67,288 shares in the company, valued at approximately $28,711,789.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,711 shares of company stock valued at $2,890,621 in the last 90 days. Insiders own 1.88% 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.