Teledyne Technologies (NYSE:TDY – Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $21.10-21.50 for the period, compared to the consensus estimate of $21.58. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TDY. Bank of America raised shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $450.00 to $550.00 in a research note on Friday, November 8th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. UBS Group began coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They issued a “buy” rating and a $585.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen raised their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $531.00.
Get Our Latest Stock Report on Teledyne Technologies
Teledyne Technologies Stock Up 1.4 %
Teledyne Technologies (NYSE:TDY – Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $5.23 by $0.29. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same quarter last year, the company earned $5.44 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that Teledyne Technologies will post 19.45 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $488.71, for a total value of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares of the company’s stock, valued at $1,417,259. The trade was a 34.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert Mehrabian sold 46,075 shares of Teledyne Technologies stock in a transaction on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the transaction, the chairman now directly owns 171,802 shares in the company, valued at $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,525 shares of company stock valued at $26,080,464. 1.88% of the stock is owned by corporate insiders.
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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