Teledyne Technologies (NYSE:TDY) Releases Q4 2024 Earnings Guidance

Teledyne Technologies (NYSE:TDY) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.130-5.230 for the period, compared to the consensus estimate of 5.330. The company issued revenue guidance of -. Teledyne Technologies also updated its FY 2024 guidance to 19.350-19.450 EPS.

Teledyne Technologies Trading Down 0.8 %

NYSE:TDY opened at $469.19 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $475.73. The company has a market cap of $21.95 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01. The company has a 50 day simple moving average of $435.99 and a two-hundred day simple moving average of $410.56.

Teledyne Technologies (NYSE:TDY) last issued 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. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $5.05 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts forecast that Teledyne Technologies will post 19.43 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TDY. TD Cowen boosted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Vertical Research initiated coverage on shares of Teledyne Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average price target of $474.50.

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.