Teledyne Technologies (TDY) Set to Announce Earnings on Wednesday
Teledyne Technologies (NYSE:TDY) will post its quarterly earnings results before the market opens on Wednesday, October 24th. Analysts expect Teledyne Technologies to post earnings of $2.05 per share for the quarter. Teledyne Technologies has set its Q3 guidance at $2.01-2.06 EPS and its FY18 guidance at $8.18-8.28 EPS.
Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.44. Teledyne Technologies had a return on equity of 14.81% and a net margin of 10.34%. The company had revenue of $732.50 million for the quarter, compared to analysts’ expectations of $707.12 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect Teledyne Technologies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE TDY opened at $223.53 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45. Teledyne Technologies has a 1-year low of $162.13 and a 1-year high of $250.87. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 3.61 and a beta of 1.05.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Needham & Company LLC boosted their price objective on Teledyne Technologies from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Jefferies Financial Group set a $222.00 target price on Teledyne Technologies and gave the company a “hold” rating in a research report on Sunday, August 5th.
Teledyne Technologies Company Profile
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. 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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