Teledyne Technologies (TDY) Receives Daily Coverage Optimism Rating of 0.17
News headlines about Teledyne Technologies (NYSE:TDY) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teledyne Technologies earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 45.0830684174459 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Teledyne Technologies (NYSE:TDY) traded down $2.30 during trading on Thursday, hitting $180.93. 187,038 shares of the stock traded hands, compared to its average volume of 166,769. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Teledyne Technologies has a 1 year low of $119.67 and a 1 year high of $186.54. The company has a market capitalization of $6,321.52, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.55 and a beta of 1.03.
Teledyne Technologies (NYSE:TDY) last issued its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.34. Teledyne Technologies had a net margin of 8.67% and a return on equity of 14.18%. The firm had revenue of $662.20 million for the quarter, compared to analysts’ expectations of $656.20 million. During the same quarter last year, the business earned $1.46 earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. analysts forecast that Teledyne Technologies will post 6.7 earnings per share for the current year.
TDY has been the topic of several recent analyst reports. ValuEngine upgraded shares of Teledyne Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research cut shares of Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC raised their target price on shares of Teledyne Technologies from $157.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Jefferies Group raised their target price on shares of Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Teledyne Technologies currently has a consensus rating of “Hold” and an average price target of $175.33.
In related news, CFO Sue Main sold 7,000 shares of Teledyne Technologies stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $183.88, for a total value of $1,287,160.00. Following the sale, the chief financial officer now owns 40,874 shares in the company, valued at $7,515,911.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Schack Wesley W. Von sold 1,206 shares of Teledyne Technologies stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $182.73, for a total transaction of $220,372.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,406 shares of company stock worth $3,743,275. 3.30% of the stock is currently owned by company insiders.
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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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