Teledyne Technologies Inc. Reaches New 12-Month High at $91.25 (TDY)
Shares of Teledyne Technologies (NYSE:TDY) hit a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $91.25 and last traded at $91.23, with a volume of 132,214 shares trading hands. The stock had previously closed at $90.58.
Separately, analysts at Stifel Nicolaus raised their price target on shares of Teledyne Technologies from $90.00 to $100.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock.
Teledyne Technologies has a 1-year low of $59.61 and a 1-year high of $83.52. The stock’s 50-day moving average is $80.58 and its 200-day moving average is $77.74. The company has a market cap of $3.476 billion and a P/E ratio of 19.48.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.09. The company had revenue of $571.60 million for the quarter, compared to the consensus estimate of $599.69 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Teledyne Technologies will post $4.63 earnings per share for the current fiscal year.
Teledyne Technologies Incorporated (NYSE:TDY) is a provider of electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications.
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