Teledyne Technologies (NYSE:TDY – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $19.35-$19.45 for the period, compared to the consensus earnings per share estimate of $19.43. Teledyne Technologies also updated its FY 2024 guidance to 19.350-19.450 EPS.
Teledyne Technologies Trading Up 4.4 %
Shares of TDY stock traded up $19.35 during mid-day trading on Wednesday, hitting $462.84. The company’s stock had a trading volume of 198,653 shares, compared to its average volume of 239,104. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.28 and a current ratio of 1.98. The company’s fifty day simple moving average is $432.52 and its 200-day simple moving average is $409.32. The company has a market cap of $21.93 billion, a PE ratio of 23.99, a P/E/G ratio of 3.16 and a beta of 1.01. Teledyne Technologies has a 52 week low of $355.41 and a 52 week high of $464.14.
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 EPS for the quarter, beating the consensus estimate of $4.49 by $0.09. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $4.67 EPS. As a group, equities research analysts expect that Teledyne Technologies will post 19.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on TDY
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.
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