Teledyne Technologies (TDY) to Release Quarterly Earnings on Wednesday

Teledyne Technologies (NYSE:TDY - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $4.64 per share for the quarter. Teledyne Technologies has set its Q1 guidance at $4.55-4.65 EPS and its FY24 guidance at $20.35-20.68 EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Teledyne Technologies (NYSE:TDY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The scientific and technical instruments company reported $5.44 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.40. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the prior year, the business earned $4.94 EPS. The business's quarterly revenue was up .5% on a year-over-year basis. On average, analysts expect Teledyne Technologies to post $21 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Teledyne Technologies Stock Performance

Shares of NYSE:TDY traded down $0.15 during trading on Thursday, hitting $400.12. The company's stock had a trading volume of 187,277 shares, compared to its average volume of 214,829. The company has a 50-day moving average of $421.94 and a 200-day moving average of $415.10. Teledyne Technologies has a 12 month low of $364.98 and a 12 month high of $448.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.69 and a quick ratio of 1.17. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.58 and a beta of 1.02.

Insider Buying and Selling

In related news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company's stock, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teledyne Technologies news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total transaction of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company's stock, valued at approximately $28,711,789.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael T. Smith sold 511 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.00, for a total transaction of $220,241.00. Following the sale, the director now directly owns 56,492 shares of the company's stock, valued at $24,348,052. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,711 shares of company stock valued at $2,890,621. 1.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TDY. Axxcess Wealth Management LLC bought a new position in Teledyne Technologies during the fourth quarter valued at $227,000. Cetera Advisors LLC bought a new position in Teledyne Technologies during the fourth quarter valued at $223,000. Federated Hermes Inc. increased its position in Teledyne Technologies by 7.5% during the first quarter. Federated Hermes Inc. now owns 431 shares of the scientific and technical instruments company's stock valued at $204,000 after acquiring an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Teledyne Technologies by 10.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 445 shares of the scientific and technical instruments company's stock valued at $183,000 after acquiring an additional 42 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Teledyne Technologies during the second quarter valued at $164,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TDY has been the topic of several recent research reports. Needham & Company LLC lowered their price objective on shares of Teledyne Technologies from $522.00 to $510.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. StockNews.com upgraded shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, February 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $515.67.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.