Teledyne Technologies (NYSE:TDY) Issues FY25 Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $21.10-21.50 for the period, compared to the consensus estimate of $21.58. Teledyne Technologies also updated its FY 2025 guidance to 21.100-21.500 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Teledyne Technologies in a research note on Tuesday, December 10th. They set a “buy” rating and a $585.00 price target on the stock. Bank of America raised 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. 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 price target on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC increased their price objective 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $531.00.

Teledyne Technologies Price Performance

Teledyne Technologies stock opened at $480.61 on Wednesday. Teledyne Technologies has a 12-month low of $355.41 and a 12-month high of $492.00. The stock 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 moving average is $471.72 and its two-hundred day moving average is $444.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $5.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.29. Teledyne Technologies had a net margin of 16.88% and a return on equity of 10.02%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1,451,400 billion. During the same period last year, the company earned $5.44 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Teledyne Technologies will post 19.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, Vice Chairman Jason Vanwees sold 1,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $488.71, for a total transaction of $733,065.00. Following the transaction, the insider now directly owns 2,900 shares in the company, valued at $1,417,259. This represents a 34.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert Mehrabian sold 46,075 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the transaction, the chairman now owns 171,802 shares in the company, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,525 shares of company stock valued at $26,080,464 in the last ninety days. Insiders own 1.88% of the company’s stock.

About Teledyne Technologies

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.