Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $19.35-$19.45 for the period, compared to the consensus earnings per share estimate of $19.43. Teledyne Technologies also updated its FY 2024 guidance to 19.350-19.450 EPS.
Teledyne Technologies Stock Performance
Shares of Teledyne Technologies stock traded up $19.35 during mid-day trading on Wednesday, hitting $462.84. 198,653 shares of the stock were exchanged, compared to its average volume of 239,104. Teledyne Technologies has a 12 month low of $355.41 and a 12 month high of $464.14. The company has a 50-day simple moving average of $432.52 and a 200 day simple moving average of $409.32. 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 market capitalization of $21.93 billion, a P/E ratio of 23.99, a P/E/G ratio of 3.16 and a beta of 1.01.
Teledyne Technologies (NYSE:TDY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 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 analysts’ expectations of $1.36 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. Teledyne Technologies’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.67 EPS. Sell-side analysts anticipate that Teledyne Technologies will post 19.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Research Report on Teledyne Technologies
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.
See Also
- Five stocks we like better than Teledyne Technologies
- What Investors Need to Know to Beat the Market
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What is a Bond Market Holiday? How to Invest and Trade
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.