Teledyne Technologies (TDY) to Release Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY) is projected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Teledyne Technologies to post earnings of $4.93 per share and revenue of $1.44 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

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. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Teledyne Technologies had a net margin of 14.45% and a return on equity of 9.94%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.44 EPS. On average, analysts expect Teledyne Technologies to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Teledyne Technologies Stock Performance

NYSE:TDY opened at $468.54 on Wednesday. Teledyne Technologies has a 1-year low of $355.41 and a 1-year high of $522.50. The stock has a market cap of $21.95 billion, a P/E ratio of 27.19, a PEG ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a 50-day moving average of $489.18 and a two-hundred day moving average of $477.81.

Wall Street Analysts Forecast Growth

TDY has been the subject of a number of recent analyst reports. StockNews.com lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $585.00 price target on shares of Teledyne Technologies in a report on Wednesday, February 5th. Finally, Bank of America raised their price objective on shares of Teledyne Technologies from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $548.00.

Insider Buying and Selling

In other news, Chairman Robert Mehrabian sold 5,768 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $518.22, for a total value of $2,989,092.96. Following the transaction, the chairman now directly owns 144,553 shares in the company, valued at approximately $74,910,255.66. This trade represents a 3.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO George C. Bobb III sold 6,308 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $507.77, for a total transaction of $3,203,013.16. Following the sale, the chief operating officer now directly owns 10,482 shares of the company’s stock, valued at approximately $5,322,445.14. This represents a 37.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,571 shares of company stock worth $17,709,721 over the last ninety days. 1.50% of the stock is owned by insiders.

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.