Teledyne Technologies (NYSE:TDY) Issues FY 2024 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.350-19.450 for the period, compared to the consensus earnings per share estimate of 19.430. The company issued revenue guidance of -. Teledyne Technologies also updated its FY24 guidance to $19.35-$19.45 EPS.

Teledyne Technologies Stock Up 0.3 %

Shares of Teledyne Technologies stock traded up $1.65 during trading on Friday, hitting $474.51. 33,664 shares of the stock traded hands, compared to its average volume of 239,987. The company has a fifty day moving average price of $434.94 and a two-hundred day moving average price of $410.18. Teledyne Technologies has a twelve month low of $355.41 and a twelve month high of $475.73. The stock has a market cap of $22.20 billion, a P/E ratio of 25.71, a PEG ratio of 3.11 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.97 by $0.13. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Teledyne Technologies had a net margin of 15.86% and a return on equity of 10.27%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.05 earnings per share. Equities research analysts predict that Teledyne Technologies will post 19.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of analyst reports. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Vertical Research started coverage on Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 target price for the company. TD Cowen lifted their price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price objective on shares of Teledyne Technologies from $482.00 to $528.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $474.50.

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.