Equities Analysts Issue Forecasts for Teledyne Technologies Incorporated’s Q2 2024 Earnings (NYSE:TDY)

Teledyne Technologies Incorporated (NYSE:TDY) – Equities research analysts at Zacks Research cut their Q2 2024 earnings per share (EPS) estimates for Teledyne Technologies in a research report issued to clients and investors on Tuesday, May 14th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will earn $4.45 per share for the quarter, down from their prior estimate of $5.11. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.34 per share. Zacks Research also issued estimates for Teledyne Technologies’ Q4 2025 earnings at $5.74 EPS, FY2025 earnings at $21.55 EPS and Q1 2026 earnings at $5.85 EPS.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $4.63 by ($0.08). Teledyne Technologies had a net margin of 15.81% and a return on equity of 10.54%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $4.53 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year.

TDY has been the topic of several other reports. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. TD Cowen dropped their target price on shares of Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Bank of America lowered shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $490.00 to $400.00 in a research note on Friday, April 26th. Finally, Needham & Company LLC lowered their price target on shares of Teledyne Technologies from $510.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Teledyne Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $470.83.

Teledyne Technologies Stock Down 0.3 %

TDY stock opened at $402.26 on Thursday. Teledyne Technologies has a fifty-two week low of $355.41 and a fifty-two week high of $448.19. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.70 and a beta of 1.04. The business’s 50 day moving average price is $406.62 and its two-hundred day moving average price is $414.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.81.

Insider Buying and Selling at Teledyne Technologies

In related news, Director Simon M. Lorne sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the sale, the director now owns 67,288 shares in the company, valued at $28,711,789.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TDY. Bruce G. Allen Investments LLC purchased a new position in shares of Teledyne Technologies in the fourth quarter worth approximately $28,000. Kapitalo Investimentos Ltda purchased a new position in shares of Teledyne Technologies during the 4th quarter worth $29,000. CVA Family Office LLC bought a new stake in shares of Teledyne Technologies during the 4th quarter valued at $31,000. NBC Securities Inc. increased its stake in shares of Teledyne Technologies by 89.4% in the 1st quarter. NBC Securities Inc. now owns 89 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 42 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Teledyne Technologies in the 3rd quarter worth $44,000. Institutional investors own 91.58% 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.