Teledyne Technologies (NYSE:TDY – Get Free Report) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.80-4.90 for the period, compared to the consensus estimate of $5.02. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TD Cowen upped their target price on shares of 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 raised their price target for the company from $450.00 to $550.00 in a report on Friday, November 8th. Needham & Company LLC upped their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group assumed coverage on Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $531.00.
View Our Latest Stock Analysis on TDY
Teledyne Technologies Price Performance
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, beating analysts’ consensus estimates of $5.23 by $0.29. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1,451,400 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. Teledyne Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $5.44 earnings per share. On average, equities research analysts forecast that Teledyne Technologies will post 21.3 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Michael T. Smith sold 2,025 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the transaction, the director now owns 54,935 shares of the company’s stock, valued at approximately $26,272,663.75. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian sold 46,075 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $487.33, for a total value of $22,453,729.75. Following the completion of the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $83,724,268.66. This represents a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,525 shares of company stock worth $26,080,464. Corporate insiders own 2.14% of the company’s stock.
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.
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