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

Teledyne Technologies (NYSE:TDY) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 19.350-19.450 for the period, compared to the consensus estimate of 19.430. The company issued revenue guidance of -. Teledyne Technologies also updated its FY24 guidance to $19.35-$19.45 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TDY. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen raised their target price on Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC raised their target price on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Vertical Research assumed coverage on Teledyne Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Teledyne Technologies Price Performance

TDY stock opened at $469.19 on Friday. The company has a market capitalization of $21.95 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. Teledyne Technologies has a 52-week low of $355.41 and a 52-week high of $475.73. The business 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 released its quarterly earnings results 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. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.05 EPS. Research analysts expect that Teledyne Technologies will post 19.43 EPS for the current fiscal year.

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.