Teledyne Technologies (NYSE:TDY) Updates Q1 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.30. Teledyne Technologies also updated its FY 2020
Pre-Market guidance to 11.20-11.30 EPS.

Several brokerages recently issued reports on TDY. ValuEngine cut Teledyne Technologies from a hold rating to a sell rating in a research note on Wednesday, January 8th. Cowen set a $375.00 price objective on Teledyne Technologies and gave the stock a buy rating in a research note on Friday, September 27th. Finally, Needham & Company LLC increased their price objective on Teledyne Technologies from $355.00 to $400.00 and gave the stock a buy rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $330.50.

Shares of NYSE:TDY opened at $394.52 on Wednesday. Teledyne Technologies has a 52-week low of $212.37 and a 52-week high of $384.74. The stock has a market cap of $13.98 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 4.42 and a beta of 1.07. The business’s 50 day moving average is $354.54 and its 200 day moving average is $323.41. The company has a quick ratio of 1.00, a current ratio of 1.48 and a debt-to-equity ratio of 0.33.

Teledyne Technologies (NYSE:TDY) last announced its quarterly earnings data on Wednesday, January 22nd. The scientific and technical instruments company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.30. Teledyne Technologies had a return on equity of 15.52% and a net margin of 12.27%. The company had revenue of $834.20 million for the quarter, compared to analysts’ expectations of $826.78 million. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Teledyne Technologies’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Teledyne Technologies will post 10.42 EPS for the current fiscal year.

In other Teledyne Technologies news, VP Stephen Finis Blackwood sold 2,500 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $349.29, for a total transaction of $873,225.00. Following the completion of the sale, the vice president now owns 11,754 shares in the company, valued at $4,105,554.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jason Vanwees sold 7,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $328.27, for a total value of $2,297,890.00. Following the sale, the executive vice president now owns 35,349 shares of the company’s stock, valued at approximately $11,604,016.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,712 shares of company stock valued at $7,348,174. 3.19% of the stock is owned by company insiders.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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