Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.900-5.000 for the period, compared to the consensus estimate of 5.000. The company issued revenue guidance of -. Teledyne Technologies also updated its FY 2024 guidance to 19.250-19.450 EPS.
Teledyne Technologies Stock Performance
TDY traded up $14.83 during trading hours on Wednesday, hitting $417.00. 729,460 shares of the stock were exchanged, compared to its average volume of 251,099. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.80 and a beta of 1.00. The stock has a 50-day simple moving average of $393.36 and a 200-day simple moving average of $409.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.29. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $448.19.
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $4.67 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. Analysts anticipate that Teledyne Technologies will post 19.34 earnings per share for the current year.
Analysts Set New Price Targets
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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