Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $4.90-$5.00 for the period, compared to the consensus EPS estimate of $5.01. Teledyne Technologies also updated its FY 2024 guidance to 19.250-19.450 EPS.
Teledyne Technologies Stock Performance
Shares of NYSE:TDY traded up $14.90 during trading on Wednesday, hitting $417.07. The company’s stock had a trading volume of 536,877 shares, compared to its average volume of 249,706. The company has a 50-day moving average of $393.36 and a 200-day moving average of $409.20. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $448.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 2.80 and a beta of 1.00.
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business earned $4.67 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts expect that Teledyne Technologies will post 19.34 earnings per share for the current year.
Analyst Ratings Changes
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.
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