Teledyne Technologies (NYSE:TDY – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 21.100-21.500 for the period, compared to the consensus earnings per share estimate of 21.550. The company issued revenue guidance of -. Teledyne Technologies also updated its Q1 2025 guidance to 4.800-4.900 EPS.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TDY shares. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. UBS Group began coverage on shares of Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target for the company. TD Cowen lifted their price objective on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a 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 company from $450.00 to $550.00 in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their price target on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teledyne Technologies presently has an average rating of “Buy” and an average price target of $531.00.
Teledyne Technologies Price Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.05 earnings per share. As a group, equities research analysts expect that Teledyne Technologies will post 19.45 earnings per share for the current year.
Insider Buying and Selling at Teledyne Technologies
In other news, Director Michael T. Smith sold 2,025 shares of the firm’s 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 directly owns 54,935 shares in the company, valued at approximately $26,272,663.75. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert Mehrabian sold 3,925 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the transaction, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,525 shares of company stock valued at $26,080,464 in the last 90 days. Company insiders own 1.88% of the company’s stock.
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.
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