Teledyne Technologies (TDY) to Release Earnings on Wednesday

Teledyne Technologies (NYSE:TDY - Get Free Report) is scheduled to release its earnings results before the market opens on Wednesday, October 23rd. Analysts expect Teledyne Technologies to post earnings of $4.97 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.09. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $4.67 EPS. The business's quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts expect Teledyne Technologies to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Teledyne Technologies Stock Performance

TDY traded down $4.78 during trading hours on Wednesday, hitting $445.52. 305,123 shares of the stock were exchanged, compared to its average volume of 239,458. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $458.15. The stock has a 50-day simple moving average of $428.66 and a 200-day simple moving average of $408.38. The stock has a market cap of $21.11 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.13 and a beta of 1.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Vertical Research assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 price objective for the company. Needham & Company LLC lifted their target price on Teledyne Technologies from $455.00 to $482.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. Finally, StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $450.50.

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.