FY2024 EPS Estimates for Teledyne Technologies Incorporated Increased by Zacks Research (NYSE:TDY)

Teledyne Technologies Incorporated (NYSE:TDY) – Equities research analysts at Zacks Research raised their FY2024 EPS estimates for Teledyne Technologies in a research note issued on Wednesday, August 14th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings of $19.36 per share for the year, up from their previous forecast of $19.31. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.37 per share. Zacks Research also issued estimates for Teledyne Technologies’ Q2 2025 earnings at $5.27 EPS, Q3 2025 earnings at $5.40 EPS, Q4 2025 earnings at $5.71 EPS, FY2025 earnings at $21.47 EPS, Q1 2026 earnings at $5.84 EPS and Q2 2026 earnings at $5.66 EPS.

Teledyne Technologies (NYSE:TDY) 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 the consensus estimate of $4.49 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.67 earnings per share.

Other equities research analysts have also recently issued research reports about the stock. Vertical Research initiated 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 on the stock. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $490.00 to $400.00 in a research report on Friday, April 26th. Needham & Company LLC lifted their price objective on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. TD Cowen reduced their price target on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com cut shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $471.17.

Teledyne Technologies Trading Down 0.9 %

Teledyne Technologies stock opened at $415.45 on Monday. The stock has a market cap of $19.68 billion, a P/E ratio of 22.47, a PEG ratio of 2.87 and a beta of 1.00. 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 1 year low of $355.41 and a 1 year high of $448.19. The firm’s 50 day moving average price is $399.66 and its 200-day moving average price is $406.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its stake in Teledyne Technologies by 48.0% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 24 shares during the period. Norden Group LLC boosted its stake in Teledyne Technologies by 1.2% during the fourth quarter. Norden Group LLC now owns 2,149 shares of the scientific and technical instruments company’s stock worth $959,000 after buying an additional 25 shares during the period. Weik Capital Management boosted its stake in Teledyne Technologies by 0.5% during the fourth quarter. Weik Capital Management now owns 5,390 shares of the scientific and technical instruments company’s stock worth $2,406,000 after buying an additional 25 shares during the period. Summit Trail Advisors LLC boosted its stake in Teledyne Technologies by 3.9% during the second quarter. Summit Trail Advisors LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $279,000 after buying an additional 27 shares during the period. Finally, Linscomb Wealth Inc. boosted its stake in Teledyne Technologies by 4.4% during the second quarter. Linscomb Wealth Inc. now owns 695 shares of the scientific and technical instruments company’s stock worth $270,000 after buying an additional 29 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.