Zacks Research Has Bearish Estimate for TDY Q4 Earnings

Teledyne Technologies Incorporated (NYSE:TDY) – Research analysts at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for Teledyne Technologies in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings per share of $5.22 for the quarter, down from their previous forecast of $5.30. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.45 per share. Zacks Research also issued estimates for Teledyne Technologies’ Q2 2025 earnings at $5.27 EPS, Q4 2025 earnings at $5.68 EPS, FY2025 earnings at $21.51 EPS and Q1 2026 earnings at $5.88 EPS.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Teledyne Technologies had a return on equity of 10.02% and a net margin of 16.88%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $5.05 EPS.

A number of other equities analysts also recently issued reports on TDY. Needham & Company LLC increased their price objective on Teledyne Technologies from $528.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen boosted their price objective on shares of Teledyne Technologies from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Bank of America upgraded Teledyne Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $550.00 in a research note on Friday, November 8th. Finally, Vertical Research started coverage on Teledyne Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $470.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Teledyne Technologies currently has an average rating of “Buy” and a consensus price target of $517.50.

Teledyne Technologies Price Performance

TDY stock opened at $470.15 on Monday. The firm has a 50-day moving average of $450.27 and a 200 day moving average of $418.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.00 and a quick ratio of 1.35. The company has a market cap of $21.91 billion, a P/E ratio of 23.77, a PEG ratio of 3.26 and a beta of 1.01. Teledyne Technologies has a 1 year low of $355.41 and a 1 year high of $492.00.

Insider Activity

In related news, Chairman Robert Mehrabian sold 46,075 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $487.33, for a total transaction of $22,453,729.75. Following the completion of the sale, the chairman now directly owns 171,802 shares in the company, valued at approximately $83,724,268.66. The trade was a 21.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.14% of the company’s stock.

Hedge Funds Weigh In On Teledyne Technologies

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in Teledyne Technologies by 24.6% during the 1st quarter. Empowered Funds LLC now owns 588 shares of the scientific and technical instruments company’s stock valued at $252,000 after buying an additional 116 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Teledyne Technologies by 15.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,978 shares of the scientific and technical instruments company’s stock valued at $1,279,000 after buying an additional 401 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in Teledyne Technologies by 46.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 4,161 shares of the scientific and technical instruments company’s stock worth $1,786,000 after acquiring an additional 1,315 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Teledyne Technologies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,534,111 shares of the scientific and technical instruments company’s stock worth $2,375,905,000 after acquiring an additional 16,189 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Teledyne Technologies by 131.9% in the first quarter. Covestor Ltd now owns 109 shares of the scientific and technical instruments company’s stock valued at $47,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.