Teledyne Technologies (TDY) Projected to Post Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $4.93 per share and revenue of $1.44 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Teledyne Technologies (NYSE:TDY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts' consensus estimates of $5.23 by $0.29. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $5.44 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect Teledyne Technologies to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Teledyne Technologies Stock Performance

TDY traded up $1.41 on Friday, reaching $462.30. 224,118 shares of the stock were exchanged, compared to its average volume of 258,958. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $522.50. The company's 50-day moving average price is $487.20 and its 200 day moving average price is $477.87. The firm has a market capitalization of $21.65 billion, a PE ratio of 26.83, a PEG ratio of 3.14 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, Bank of America upped their price target on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $548.00.

Insiders Place Their Bets

In related news, Chairman Robert Mehrabian sold 5,768 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $518.22, for a total transaction of $2,989,092.96. Following the sale, the chairman now owns 144,553 shares of the company's stock, valued at $74,910,255.66. This trade represents a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO George C. Bobb III sold 6,308 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the transaction, the chief operating officer now owns 10,482 shares of the company's stock, valued at approximately $5,322,445.14. The trade was a 37.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,571 shares of company stock valued at $17,709,721. 1.50% of the stock is currently owned by corporate insiders.

Teledyne Technologies Company Profile

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.