Teledyne Technologies (NYSE:TDY) Updates Q4 2024 Earnings Guidance

Teledyne Technologies (NYSE:TDY) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 5.130-5.230 for the period, compared to the consensus EPS estimate of 5.330. The company issued revenue guidance of -. Teledyne Technologies also updated its FY 2024 guidance to 19.350-19.450 EPS.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TDY shares. Vertical Research assumed coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 price objective for the company. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen upped 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. Finally, Needham & Company LLC raised their target price on Teledyne Technologies from $482.00 to $528.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Teledyne Technologies Stock Up 0.3 %

TDY stock traded up $1.43 during trading on Thursday, reaching $471.52. The stock had a trading volume of 117,345 shares, compared to its average volume of 239,985. The company has a market capitalization of $22.06 billion, a P/E ratio of 25.57, a PEG ratio of 3.11 and a beta of 1.01. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $473.55. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $433.75 and a 200 day moving average price of $409.74.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $4.67 EPS. Teledyne Technologies’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts anticipate that Teledyne Technologies will post 19.43 earnings per share for the current year.

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.