Teledyne Technologies (NYSE:TDY) Releases Earnings Results, Beats Estimates By $0.30 EPS

Teledyne Technologies (NYSE:TDY) announced its earnings results on Wednesday. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.30, Zacks reports. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. Teledyne Technologies updated its FY 2025 guidance to 21.100-21.500 EPS and its Q1 2025 guidance to 4.800-4.900 EPS.

Teledyne Technologies Trading Up 1.4 %

Shares of TDY opened at $480.61 on Wednesday. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $492.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The company has a market capitalization of $22.40 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.96 and a beta of 1.01. The firm’s 50 day simple moving average is $471.72 and its 200 day simple moving average is $444.32.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TDY shares. StockNews.com upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Bank of America raised Teledyne Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $450.00 to $550.00 in a research report on Friday, November 8th. UBS Group initiated 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. TD Cowen increased 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, October 24th. Finally, Needham & Company LLC boosted their target price 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $531.00.

Insider Buying and Selling

In related news, Director Michael T. Smith sold 2,025 shares of Teledyne Technologies stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $478.25, for a total value of $968,456.25. Following the transaction, the director now directly owns 54,935 shares of the company’s stock, valued at $26,272,663.75. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert Mehrabian sold 3,925 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the sale, the chairman now owns 171,802 shares of the company’s stock, valued at approximately $84,268,881. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,525 shares of company stock worth $26,080,464. Corporate insiders own 1.88% of the company’s stock.

Teledyne Technologies Company Profile

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.