Teledyne Technologies Inc. Reaches New 12-Month High at $94.23 (TDY)
Teledyne Technologies (NYSE:TDY)’s share price reached a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $94.23 and last traded at $94.23, with a volume of 56,303 shares traded. The stock had previously closed at $92.24.
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 52 week low of $67.20 and a 52 week high of $94.36. The stock’s 50-day moving average is $90.98 and its 200-day moving average is $85.53. The company has a market cap of $3.521 billion and a P/E ratio of 19.84.
Teledyne Technologies (NYSE:TDY) last released its earnings data on Thursday, October 24th. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Teledyne Technologies will post $4.65 EPS 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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