Teledyne Technologies (NYSE:TDY – Get Free Report) posted its earnings results on Wednesday. The scientific and technical instruments company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.63 by ($0.08), RTT News reports. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Teledyne Technologies had a net margin of 15.72% and a return on equity of 10.81%. Teledyne Technologies’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.53 EPS.
Teledyne Technologies Trading Down 10.9 %
Teledyne Technologies stock opened at $362.50 on Thursday. The firm has a 50 day moving average of $418.66 and a 200 day moving average of $414.90. The firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.62 and a beta of 1.02. Teledyne Technologies has a 12-month low of $355.41 and a 12-month high of $448.19. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.29.
Insider Buying and Selling
In related news, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the completion of the sale, the director now directly owns 67,288 shares of the company’s stock, valued at approximately $28,711,789.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Michael T. Smith sold 511 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.00, for a total transaction of $220,241.00. Following the completion of the transaction, the director now directly owns 56,492 shares in the company, valued at approximately $24,348,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Simon M. Lorne sold 2,200 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $426.70, for a total value of $938,740.00. Following the transaction, the director now owns 67,288 shares of the company’s stock, valued at $28,711,789.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,711 shares of company stock valued at $2,890,621. 2.14% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on Teledyne Technologies
Teledyne Technologies Company Profile
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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