Teledyne Technologies (TDY) Set to Announce Earnings on Wednesday

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Teledyne Technologies (NYSE:TDY) will be announcing its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $2.53 per share 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, July 24th. The scientific and technical instruments company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.40 by $0.40. The firm had revenue of $782.00 million for the quarter, compared to analyst estimates of $781.55 million. Teledyne Technologies had a return on equity of 15.09% and a net margin of 12.04%. Teledyne Technologies’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 EPS. On average, analysts expect Teledyne Technologies to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Teledyne Technologies stock opened at $319.92 on Monday. The stock’s 50 day moving average price is $317.10 and its 200 day moving average price is $278.09. The firm has a market capitalization of $11.68 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 4.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.08 and a current ratio of 1.63. Teledyne Technologies has a one year low of $189.35 and a one year high of $329.20.

In other Teledyne Technologies news, Director Simon M. Lorne sold 248 shares of Teledyne Technologies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $295.47, for a total transaction of $73,276.56. Following the sale, the director now directly owns 31,271 shares in the company, valued at approximately $9,239,642.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sue Main sold 12,000 shares of Teledyne Technologies stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $318.22, for a total value of $3,818,640.00. Following the sale, the chief financial officer now owns 48,418 shares in the company, valued at $15,407,575.96. The disclosure for this sale can be found here. Insiders have sold a total of 24,248 shares of company stock worth $7,569,057 over the last 90 days. 3.19% of the stock is owned by company insiders.

Several equities analysts recently commented on TDY shares. ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cowen set a $375.00 price target on Teledyne Technologies and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC lifted their price objective on Teledyne Technologies from $275.00 to $328.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $312.50.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments.

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Earnings History for Teledyne Technologies (NYSE:TDY)

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