Teledyne Technologies (NYSE:TDY) Announces Earnings Results, Beats Expectations By $0.15 EPS

Teledyne Technologies (NYSE:TDY - Get Free Report) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $5.20 EPS for the quarter, topping analysts' consensus estimates of $5.05 by $0.15, RTT News reports. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Teledyne Technologies had a net margin of 14.54% and a return on equity of 9.96%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.58 EPS. Teledyne Technologies updated its FY 2025 guidance to 21.200-21.50 EPS and its Q3 2025 guidance to 5.350-5.45 EPS.

Teledyne Technologies Stock Performance

Shares of TDY stock traded up $6.07 during trading hours on Friday, reaching $556.00. The company had a trading volume of 552,984 shares, compared to its average volume of 438,381. The business has a fifty day moving average price of $510.59 and a 200-day moving average price of $494.43. Teledyne Technologies has a one year low of $397.78 and a one year high of $570.56. The firm has a market cap of $26.05 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.44 and a current ratio of 1.66.

Wall Street Analyst Weigh In

Several research firms recently commented on TDY. Needham & Company LLC reduced their target price on shares of Teledyne Technologies from $585.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus began coverage on shares of Teledyne Technologies in a report on Tuesday, June 24th. They issued a "buy" rating and a $626.00 price target on the stock. Morgan Stanley raised their price target on shares of Teledyne Technologies from $535.00 to $580.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Wall Street Zen raised shares of Teledyne Technologies from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, UBS Group raised their target price on shares of Teledyne Technologies from $585.00 to $630.00 and gave the stock a "buy" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $576.57.

Institutional Trading of Teledyne Technologies

Large investors have recently made changes to their positions in the stock. Focus Partners Wealth raised its position in shares of Teledyne Technologies by 48.4% during the 1st quarter. Focus Partners Wealth now owns 834 shares of the scientific and technical instruments company's stock valued at $416,000 after purchasing an additional 272 shares during the period. Empowered Funds LLC raised its position in shares of Teledyne Technologies by 78.6% during the 1st quarter. Empowered Funds LLC now owns 1,552 shares of the scientific and technical instruments company's stock valued at $772,000 after purchasing an additional 683 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Teledyne Technologies by 874.5% in the first quarter. Jones Financial Companies Lllp now owns 1,949 shares of the scientific and technical instruments company's stock worth $970,000 after buying an additional 1,749 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Teledyne Technologies announced that its Board of Directors has approved a share repurchase program on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

About Teledyne Technologies

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.