Q2 2023 Earnings Estimate for Teledyne Technologies Incorporated Issued By Jefferies Financial Group (NYSE:TDY)

Posted by Defense World Staff on May 4th, 2023

Teledyne Technologies Incorporated (NYSE:TDY – Get Rating) – Stock analysts at Jefferies Financial Group issued their Q2 2023 earnings per share estimates for Teledyne Technologies in a report released on Sunday, April 30th. Jefferies Financial Group analyst G. Konrad forecasts that the scientific and technical instruments company will earn $4.61 per share for the quarter. The consensus estimate for Teledyne Technologies’ current full-year earnings is $19.17 per share. Jefferies Financial Group also issued estimates for Teledyne Technologies’ Q3 2023 earnings at $4.77 EPS, Q4 2023 earnings at $5.19 EPS, FY2023 earnings at $19.10 EPS and FY2025 earnings at $21.75 EPS.

Teledyne Technologies (NYSE:TDY – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.10. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Teledyne Technologies had a net margin of 13.67% and a return on equity of 10.98%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.27 earnings per share.

Several other equities research analysts have also recently commented on TDY. Needham & Company LLC dropped their target price on Teledyne Technologies from $498.00 to $470.00 in a report on Thursday, April 27th. Credit Suisse Group cut their price objective on Teledyne Technologies from $503.00 to $499.00 in a report on Friday, April 28th. Finally, StockNews.com raised Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Teledyne Technologies currently has an average rating of “Moderate Buy” and an average target price of $485.67.

Teledyne Technologies Trading Down 0.5 %

Shares of NYSE:TDY opened at $411.06 on Wednesday. The company has a 50 day moving average of $426.64 and a 200-day moving average of $414.68. The company has a current ratio of 1.94, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The firm has a market cap of $19.32 billion, a P/E ratio of 26.02, a P/E/G ratio of 3.16 and a beta of 1.08. Teledyne Technologies has a twelve month low of $325.00 and a twelve month high of $448.71.

Institutional Investors Weigh In On Teledyne Technologies

Large investors have recently made changes to their positions in the company. Accurate Wealth Management LLC acquired a new position in Teledyne Technologies in the 4th quarter worth approximately $28,000. TCI Wealth Advisors Inc. raised its holdings in Teledyne Technologies by 236.4% in the 1st quarter. TCI Wealth Advisors Inc. now owns 74 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 52 shares during the period. CVA Family Office LLC bought a new position in Teledyne Technologies in the 4th quarter worth $30,000. Belpointe Asset Management LLC bought a new position in Teledyne Technologies in the 4th quarter worth $36,000. Finally, Beacon Capital Management LLC bought a new position in Teledyne Technologies in the 1st quarter worth $41,000. Institutional investors and hedge funds own 91.10% of the company’s stock.

Insider Buying and Selling at Teledyne Technologies

In other news, CEO Robert Mehrabian sold 3,400 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $440.17, for a total transaction of $1,496,578.00. Following the completion of the sale, the chief executive officer now directly owns 196,052 shares of the company’s stock, valued at $86,296,208.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.14% of the stock is owned by corporate insiders.

About Teledyne Technologies

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Teledyne Technologies, Inc engages in the provision of electronic and communication products for wireless and satellite systems. It operates through the following business segments: Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial, and other applications, and electronic test and measurement equipment.