Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Teledyne Technologies Inc (NYSE: TDY) closed the day trading at $362.50 down -10.95% from the previous closing price of $407.06. In other words, the price has decreased by -$10.95 from its previous closing price. On the day, 1.1 million shares were traded. TDY stock price reached its highest trading level at $382.99 during the session, while it also had its lowest trading level at $355.41.
Ratios:
For a better understanding of TDY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on December 22, 2023, Reiterated its Buy rating but revised its target price to $522 from $455 previously.
On October 05, 2023, Exane BNP Paribas started tracking the stock assigning a Outperform rating and target price of $530.
On September 27, 2023, UBS started tracking the stock assigning a Buy rating and target price of $495.UBS initiated its Buy rating on September 27, 2023, with a $495 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when LORNE SIMON M sold 2,200 shares for $426.70 per share. The transaction valued at 938,743 led to the insider holds 67,288 shares of the business.
CROCKER CHARLES sold 4,000 shares of TDY for $1,689,846 on Mar 05 ’24. The Director now owns 45,932 shares after completing the transaction at $422.46 per share. On Feb 02 ’24, another insider, SMITH MICHAEL T, who serves as the Director of the company, sold 4,665 shares for $431.01 each. As a result, the insider received 2,010,654 and left with 56,492 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TDY now has a Market Capitalization of 19287029760 and an Enterprise Value of 22039721984. As of this moment, Teledyne’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.60, and their Forward P/E ratio for the next fiscal year is 16.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 3.911 whereas that against EBITDA is 16.168.
Stock Price History:
The Beta on a monthly basis for TDY is 1.02, which has changed by -0.1179834 over the last 52 weeks, in comparison to a change of 0.22640884 over the same period for the S&P500. Over the past 52 weeks, TDY has reached a high of $448.19, while it has fallen to a 52-week low of $364.98. The 50-Day Moving Average of the stock is -13.62%, while the 200-Day Moving Average is calculated to be -11.93%.
Shares Statistics:
Over the past 3-months, TDY traded about 218.76K shares per day on average, while over the past 10 days, TDY traded about 298990 shares per day. A total of 47.33M shares are outstanding, with a floating share count of 46.78M. Insiders hold about 1.26% of the company’s shares, while institutions hold 92.65% stake in the company. Shares short for TDY as of 1711584000 were 801476 with a Short Ratio of 3.66, compared to 1709164800 on 706055. Therefore, it implies a Short% of Shares Outstanding of 801476 and a Short% of Float of 2.1999999999999997.
Earnings Estimates
At present, 6.0 analysts are actively evaluating the performance of Teledyne Technologies Inc (TDY) in the stock market.On average, analysts expect EPS of $4.63 for the current quarter, with a high estimate of $4.75 and a low estimate of $4.55, while EPS last year was $4.53. The consensus estimate for the next quarter is $5.0, with high estimates of $5.15 and low estimates of $4.7.
Analysts are recommending an EPS of between $20.7 and $20.35 for the fiscal current year, implying an average EPS of $20.56. EPS for the following year is $22.3, with 7.0 analysts recommending between $23.36 and $21.65.
Revenue Estimates
5 analysts predict $1.4B in revenue for the current quarter. It ranges from a high estimate of $1.41B to a low estimate of $1.38B. As of the current estimate, Teledyne Technologies Inc’s year-ago sales were $1.37BFor the next quarter, 5 analysts are estimating revenue of $1.46B. There is a high estimate of $1.48B for the next quarter, whereas the lowest estimate is $1.43B.
A total of 8 analysts have provided revenue estimates for TDY’s current fiscal year. The highest revenue estimate was $5.88B, while the lowest revenue estimate was $5.86B, resulting in an average revenue estimate of $5.87B. In the same quarter a year ago, actual revenue was $5.64BBased on 8 analysts’ estimates, the company’s revenue will be $6.15B in the next fiscal year. The high estimate is $6.2B and the low estimate is $6.12B.
