Teledyne Technologies (NYSE:TDY) Updates FY25 Earnings Guidance

Teledyne Technologies (NYSE:TDY) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $21.10-21.50 for the period, compared to the consensus EPS estimate of $21.58. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Teledyne Technologies Trading Up 6.5 %

NYSE:TDY opened at $511.63 on Thursday. The firm has a 50 day moving average of $471.57 and a 200 day moving average of $445.02. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. Teledyne Technologies has a 52 week low of $355.41 and a 52 week high of $515.99. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 3.00 and a beta of 1.01.

Teledyne Technologies (NYSE:TDY) last posted 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 return on equity of 10.02% and a net margin of 16.88%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same quarter last year, the firm earned $5.44 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Teledyne Technologies will post 19.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TDY shares. Needham & Company LLC lifted their target price on shares of Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group initiated coverage on shares of Teledyne Technologies in a report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective on the stock. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen lifted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $450.00 to $550.00 in a report on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $531.00.

Insider Buying and Selling

In other Teledyne Technologies news, Director Michael T. Smith sold 2,025 shares of the company’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 value of $968,456.25. Following the sale, the director now owns 54,935 shares in the company, valued at approximately $26,272,663.75. This represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $488.71, for a total transaction of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. This trade represents a 34.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,525 shares of company stock valued at $26,080,464 over the last 90 days. 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.