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

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

Teledyne Technologies Stock Performance

Shares of TDY stock traded up $20.19 on Wednesday, reaching $463.68. The stock had a trading volume of 172,049 shares, compared to its average volume of 238,974. The stock has a market cap of $21.97 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 3.16 and a beta of 1.01. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $463.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The company has a 50 day simple moving average of $432.52 and a 200 day simple moving average of $409.32.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.09. The company 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 firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.67 earnings per share. Equities research analysts expect that Teledyne Technologies will post 19.43 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TDY. 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 on the stock. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $455.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

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.