Teledyne Technologies (TDY) to Release Earnings on Wednesday

Teledyne Technologies (NYSE:TDY) will announce 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.

Teledyne Technologies (NYSE:TDY) last released its earnings results on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.40. Teledyne Technologies had a return on equity of 10.81% and a net margin of 15.72%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $4.94 earnings per share. The firm’s revenue 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 Down 0.0 %

Shares of NYSE:TDY traded down $0.05 on Thursday, reaching $400.22. 40,937 shares of the company traded hands, compared to its average volume of 212,804. The business’s 50-day simple moving average is $421.94 and its 200 day simple moving average is $415.10. Teledyne Technologies has a 52 week low of $364.98 and a 52 week high of $448.19. The stock has a market capitalization of $18.96 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDY. Benjamin Edwards Inc. lifted its holdings in shares of Teledyne Technologies by 137.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 69 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Teledyne Technologies in the 2nd quarter worth about $48,000. First Capital Advisors Group LLC. purchased a new stake in Teledyne Technologies in the 2nd quarter worth about $72,000. Harbour Investments Inc. raised its position in Teledyne Technologies by 125.6% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the scientific and technical instruments company’s stock worth $72,000 after purchasing an additional 98 shares during the period. Finally, Belpointe Asset Management LLC raised its position in Teledyne Technologies by 110.1% in the 1st quarter. Belpointe Asset Management LLC now owns 187 shares of the scientific and technical instruments company’s stock worth $84,000 after purchasing an additional 98 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TDY. Needham & Company LLC cut their price objective on Teledyne Technologies from $522.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $515.67.

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.