Q4 EPS Forecast for Teledyne Technologies Cut by Analyst

Teledyne Technologies Incorporated (NYSE:TDY - Free Report) - Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Teledyne Technologies in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings of $5.22 per share for the quarter, down from their prior estimate of $5.30. The consensus estimate for Teledyne Technologies' current full-year earnings is $19.45 per share. Zacks Research also issued estimates for Teledyne Technologies' Q2 2025 earnings at $5.27 EPS, Q4 2025 earnings at $5.68 EPS, FY2025 earnings at $21.51 EPS and Q1 2026 earnings at $5.88 EPS.

Teledyne Technologies (NYSE:TDY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $5.05 earnings per share. The company's revenue was up 2.9% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the company. Vertical Research began coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a "buy" rating and a $470.00 target price for the company. Bank of America upgraded shares of Teledyne Technologies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $450.00 to $550.00 in a research report on Friday, November 8th. StockNews.com upgraded Teledyne Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. TD Cowen increased their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Needham & Company LLC lifted their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the company a "buy" rating in a report on Monday, November 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $517.50.

Teledyne Technologies Price Performance

Shares of TDY traded down $4.26 during mid-day trading on Monday, hitting $465.89. 258,510 shares of the company traded hands, compared to its average volume of 240,833. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 3.26 and a beta of 1.01. The business has a 50-day moving average of $450.27 and a 200 day moving average of $419.02. Teledyne Technologies has a one year low of $355.41 and a one year high of $492.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Tortoise Investment Management LLC raised its stake in Teledyne Technologies by 48.0% in the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company's stock valued at $29,000 after buying an additional 24 shares during the period. Metis Global Partners LLC grew its stake in shares of Teledyne Technologies by 1.6% in the third quarter. Metis Global Partners LLC now owns 1,514 shares of the scientific and technical instruments company's stock valued at $663,000 after acquiring an additional 24 shares in the last quarter. Crumly & Associates Inc. increased its position in Teledyne Technologies by 3.8% during the third quarter. Crumly & Associates Inc. now owns 677 shares of the scientific and technical instruments company's stock worth $296,000 after acquiring an additional 25 shares during the period. Raymond James Trust N.A. boosted its holdings in Teledyne Technologies by 4.8% in the 3rd quarter. Raymond James Trust N.A. now owns 550 shares of the scientific and technical instruments company's stock valued at $241,000 after purchasing an additional 25 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of Teledyne Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 681 shares of the scientific and technical instruments company's stock worth $298,000 after purchasing an additional 26 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Robert Mehrabian sold 46,075 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now directly owns 171,802 shares in the company, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.14% of the company's stock.

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.