Teledyne Technologies (TDY) Projected to Post Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY) will likely be announcing its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $5.22 per share and revenue of $1,451,400.00 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Teledyne Technologies (NYSE:TDY) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.13. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm earned $5.05 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. 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 Stock Performance

Shares of TDY opened at $473.41 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.00 and a debt-to-equity ratio of 0.28. The stock has a market cap of $22.06 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.85 and a beta of 1.01. The business’s 50 day moving average price is $472.00 and its 200-day moving average price is $443.72. Teledyne Technologies has a 52 week low of $355.41 and a 52 week high of $492.00.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TDY. Bank of America upgraded shares of Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Needham & Company LLC raised their price target on shares of Teledyne Technologies from $528.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen boosted their price target on Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group began coverage on Teledyne Technologies in a research report on Tuesday, December 10th. They set a “buy” rating and a $585.00 price objective 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 a consensus target price of $531.00.

Insider Buying and Selling at Teledyne Technologies

In related news, Chairman Robert Mehrabian sold 3,925 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $490.50, for a total transaction of $1,925,212.50. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $84,268,881. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $488.71, for a total transaction of $733,065.00. Following the completion of the transaction, the insider now owns 2,900 shares in the company, valued at $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. In the last ninety days, insiders sold 53,525 shares of company stock worth $26,080,464. Insiders own 2.14% 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.