Teledyne Technologies Incorporated (NYSE:TDY) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.70-$1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.63. Teledyne Technologies also updated its FY17 guidance to $6.66-$6.71 EPS.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Teledyne Technologies from a hold rating to a buy rating and set a $166.00 price objective on the stock in a research note on Tuesday, August 8th. BidaskClub raised shares of Teledyne Technologies from a hold rating to a buy rating in a research note on Tuesday, August 8th. Needham & Company LLC reissued a buy rating and issued a $157.00 price objective (up from $148.00) on shares of Teledyne Technologies in a research note on Wednesday, August 9th. ValuEngine lowered shares of Teledyne Technologies from a buy rating to a hold rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC boosted their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a hold rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $175.33.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) opened at $180.63 on Monday. Teledyne Technologies Incorporated has a 1 year low of $116.51 and a 1 year high of $185.66. The company has a market cap of $6,400.89, a PE ratio of 27.33, a P/E/G ratio of 3.59 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings data on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.34. The company had revenue of $662.20 million during the quarter, compared to the consensus estimate of $656.20 million. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 EPS. analysts anticipate that Teledyne Technologies Incorporated will post 6.7 earnings per share for the current fiscal year.
In other Teledyne Technologies news, SVP Jason Vanwees sold 4,500 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $182.83, for a total value of $822,735.00. Following the sale, the senior vice president now directly owns 33,659 shares of the company’s stock, valued at $6,153,874.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sue Main sold 7,000 shares of Teledyne Technologies stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total value of $1,287,160.00. Following the transaction, the chief financial officer now directly owns 40,874 shares in the company, valued at $7,515,911.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,500 shares of company stock valued at $2,703,095. Corporate insiders own 3.30% of the company’s stock.
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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