Teledyne Technologies (TDY) Expected to Announce Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDYGet Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Teledyne Technologies to post earnings of $5.22 per share and revenue of $1,451,400.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Teledyne Technologies (NYSE:TDYGet Free Report) last posted its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.05 earnings per share. On average, analysts expect Teledyne Technologies to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Teledyne Technologies Trading Up 0.3 %

Shares of Teledyne Technologies stock opened at $473.41 on Tuesday. The firm’s 50 day moving average is $471.72 and its 200 day moving average is $444.32. The firm has a market capitalization of $22.06 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $492.00. The company has a current ratio of 2.00, a quick ratio of 1.35 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

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

View Our Latest Report on TDY

Insider Activity

In related news, Director Michael T. Smith sold 2,025 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $478.25, for a total transaction of $968,456.25. Following the sale, the director now owns 54,935 shares in the company, valued at $26,272,663.75. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jason Vanwees sold 1,500 shares of Teledyne Technologies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total value of $733,065.00. Following the completion of the sale, the insider now owns 2,900 shares of the company’s stock, valued at approximately $1,417,259. The trade was a 34.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,525 shares of company stock valued at $26,080,464. Company insiders own 1.88% of the company’s stock.

About Teledyne Technologies

(Get Free Report)

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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Earnings History for Teledyne Technologies (NYSE:TDY)

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