Teledyne Technologies Incorporated (TDY) Scheduled to Post Quarterly Earnings on Thursday
Teledyne Technologies Incorporated (NYSE:TDY) is set to announce its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Teledyne Technologies has set its Q3 guidance at $1.60-1.65 EPS.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.49. The business had revenue of $671.10 million during the quarter, compared to analyst estimates of $636.18 million. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business earned $1.32 EPS. On average, analysts expect Teledyne Technologies to post $5.69 EPS for the current fiscal year and $6.60 EPS for the next fiscal year.
Teledyne Technologies Incorporated (NYSE TDY) opened at 167.58 on Thursday. The company has a 50-day moving average of $160.27 and a 200-day moving average of $141.30. Teledyne Technologies Incorporated has a one year low of $102.78 and a one year high of $168.34. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 30.90 and a beta of 0.99.
TDY has been the subject of a number of recent research reports. Zacks Investment Research downgraded Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group LLC restated a “hold” rating and issued a $150.00 target price (up previously from $145.00) on shares of Teledyne Technologies in a research report on Wednesday, August 9th. BidaskClub upgraded Teledyne Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. ValuEngine downgraded Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Needham & Company LLC upgraded 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $157.67.
About Teledyne Technologies
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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