Teledyne Technologies Incorporated (NYSE:TDY) Set to Announce Earnings on Thursday
Teledyne Technologies Incorporated (NYSE:TDY) will release its earnings data before the market opens on Thursday, August 3rd. Analysts expect Teledyne Technologies to post earnings of $1.24 per share for the quarter. Teledyne Technologies has set its Q2 guidance at $1.27-1.32 EPS and its FY17 guidance at $5.76-5.86 EPS.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, May 4th. The scientific and technical instruments company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.51. The company had revenue of $566.10 million for the quarter, compared to the consensus estimate of $539.40 million. Teledyne Technologies had a net margin of 8.31% and a return on equity of 13.28%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. On average, analysts expect Teledyne Technologies to post $5.67 EPS for the current fiscal year and $6.1 EPS for the next fiscal year.
Teledyne Technologies Incorporated (NYSE:TDY) opened at 136.10 on Thursday. The company has a 50 day moving average of $131.30 and a 200-day moving average of $129.40. The stock has a market cap of $4.80 billion, a P/E ratio of 26.73 and a beta of 0.97. Teledyne Technologies Incorporated has a 12-month low of $101.90 and a 12-month high of $138.11.
In related news, Chairman Robert Mehrabian acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $129.41 per share, for a total transaction of $1,294,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael T. Smith sold 3,000 shares of Teledyne Technologies stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $134.72, for a total value of $404,160.00. Following the completion of the transaction, the director now owns 33,806 shares of the company’s stock, valued at approximately $4,554,344.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,207 shares of company stock valued at $1,992,502. 3.30% of the stock is currently owned by corporate insiders.
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Several equities analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $145.00 target price (up from $140.00) on shares of Teledyne Technologies in a research report on Friday, July 14th. Needham & Company LLC raised Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Wednesday, July 5th. BidaskClub raised Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.
Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.
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