Teledyne Technologies (NYSE:TDY) Updates 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.

Analyst Ratings Changes

A number of research firms have commented on TDY. UBS Group started 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 on the stock. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $450.00 to $550.00 in a research note on Friday, November 8th. TD Cowen increased their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Needham & Company LLC upped their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $531.00.

Teledyne Technologies Price Performance

Shares of Teledyne Technologies stock opened at $511.63 on Thursday. The stock has a 50 day moving average of $471.57 and a 200 day moving average of $445.02. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $515.99. The firm has a market cap of $23.84 billion, a PE 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 announced its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1,451,400 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $5.44 EPS. On average, research analysts expect that Teledyne Technologies will post 19.45 EPS for the current fiscal year.

Insider Transactions at Teledyne Technologies

In other news, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the sale, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. This trade represents a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael T. Smith sold 2,025 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the completion of the transaction, the director now owns 54,935 shares in the company, valued at approximately $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. In the last quarter, insiders sold 53,525 shares of company stock worth $26,080,464. 2.14% of the stock is currently owned by insiders.

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.