Teledyne Technologies (NYSE:TDY) Updates Q1 Earnings Guidance

Teledyne Technologies (NYSE:TDY - Get Free Report) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $4.80-4.90 for the period, compared to the consensus EPS estimate of $5.02. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Teledyne Technologies Trading Up 6.5 %

TDY traded up $31.22 during midday trading on Wednesday, reaching $511.63. 668,736 shares of the company's stock traded hands, compared to its average volume of 251,940. The firm has a fifty day moving average of $471.57 and a two-hundred day moving average of $445.02. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. Teledyne Technologies has a 52 week low of $355.41 and a 52 week high of $515.99.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 EPS for the quarter, beating analysts' consensus estimates of $5.23 by $0.29. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1,451,400 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.44 EPS. On average, equities analysts anticipate that Teledyne Technologies will post 19.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDY has been the subject of several research reports. UBS Group initiated coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They issued a "buy" rating and a $585.00 target price for the company. Needham & Company LLC increased their target price on Teledyne Technologies from $528.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. TD Cowen increased their target price on Teledyne Technologies from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Bank of America raised Teledyne Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. Finally, StockNews.com raised Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $531.00.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the sale, the insider now directly owns 2,900 shares in the company, valued at approximately $1,417,259. This trade represents a 34.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael T. Smith sold 2,025 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the sale, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,525 shares of company stock valued at $26,080,464 in the last 90 days. Corporate insiders own 1.88% 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.