Teledyne Technologies (NYSE:TDY) Issues Q1 2020 Pre-Market Earnings Guidance

Teledyne Technologies (NYSE:TDY) updated its first quarter 2020
Pre-Market earnings guidance on Wednesday. The company provided EPS guidance of 2.25-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.36. Teledyne Technologies also updated its FY 2020
Pre-Market guidance to 11.20-11.30 EPS.

Several research firms have recently commented on TDY. Needham & Company LLC lifted their price target on shares of Teledyne Technologies from $355.00 to $400.00 and gave the company a buy rating in a research report on Tuesday. Cowen set a $375.00 price target on shares of Teledyne Technologies and gave the company a buy rating in a research report on Friday, September 27th. Finally, ValuEngine lowered shares of Teledyne Technologies from a hold rating to a sell rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Teledyne Technologies presently has an average rating of Buy and an average target price of $330.50.

TDY stock opened at $368.13 on Friday. The firm has a market cap of $13.69 billion, a PE ratio of 34.34, a PEG ratio of 4.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.72. The firm’s 50 day moving average price is $355.88 and its 200-day moving average price is $324.39. Teledyne Technologies has a one year low of $216.20 and a one year high of $398.99.

Teledyne Technologies (NYSE:TDY) last released its quarterly earnings results on Wednesday, January 22nd. The scientific and technical instruments company reported $3.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.30. The firm had revenue of $834.20 million for the quarter, compared to analyst estimates of $826.78 million. Teledyne Technologies had a net margin of 12.72% and a return on equity of 15.67%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 EPS. Equities research analysts predict that Teledyne Technologies will post 11.2 EPS for the current fiscal year.

In related news, EVP Jason Vanwees sold 7,000 shares of Teledyne Technologies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $328.27, for a total value of $2,297,890.00. Following the completion of the sale, the executive vice president now owns 35,349 shares in the company, valued at approximately $11,604,016.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen Finis Blackwood sold 5,000 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $346.73, for a total transaction of $1,733,650.00. Following the completion of the sale, the vice president now owns 14,254 shares of the company’s stock, valued at approximately $4,942,289.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,521 shares of company stock worth $6,620,039. Corporate insiders own 3.19% of the company’s stock.

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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