- Teledyne Technologies has adjusted its full-year EPS forecast to a range of $19.35 to $19.45, slightly narrowing from a previous range of $19.25 to $19.45.
- The estimated full-year EPS is $19.43.
- For the fourth quarter, Teledyne expects an adjusted EPS of $5.13 to $5.23, compared to an analyst estimate of $5.33.
- In the third quarter, Teledyne’s adjusted EPS was $5.10, surpassing the estimate of $4.97.
- The actual third-quarter EPS was $5.54.
- Net sales for the third quarter were reported at $1.44 billion, slightly above the estimate of $1.42 billion.
- Digital imaging net sales were $768.4 million, close to the estimate of $769.8 million.
- Instrumentation net sales reached $349.8 million, exceeding the estimate of $346.3 million.
- Aerospace & defense electronics net sales stood at $200.2 million, higher than the estimate of $191.1 million.
- Engineered systems net sales were $125.1 million, significantly above the estimate of $111.4 million.
- Analyst ratings include 8 buy recommendations, 2 hold recommendations, and no sell recommendations.
Teledyne Technologies on Smartkarma
Analysts at Baptista Research on Smartkarma have been closely covering Teledyne Technologies Incorporated, offering valuable insights for investors. In a recent report titled “Teledyne Technologies Incorporated: Will The Improving Trends in Test & Measurement Instruments Last? – Major Drivers,” analysts highlighted the company’s record free cash flow and adept financial management. This success has enabled Teledyne to prioritize debt repayment, acquisitions, and stock buybacks, showcasing operational flexibility.
Additionally, Baptista Research‘s report “Teledyne Technologies Incorporated: Initiation Of Coverage – What Is Their Segmentwise Performance & Future Outlook? – Major Drivers” delves into the company’s Q1 2024 earnings. The report emphasizes Teledyne’s strong performance, with record first-quarter non-GAAP operating margin, adjusted earnings per share, and free cash flow. The company’s growth in marine, aviation, and select defense sectors has offset sales declines in other areas, indicating a diversified and resilient business model.
A look at Teledyne Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Teledyne Technologies Inc. is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Growth and Momentum, the company is showing promising signs of expansion and market traction. Teledyne’s focus on innovation and forward-thinking strategies is reflected in these scores, indicating a potential for continued success in the future.
While the company’s Dividend score is lower, the overall outlook remains solid due to its competitive Value and Resilience scores. Teledyne Technologies Inc. is known for providing electronic subsystems and instrumentation across various industries, including aerospace, defense, and marine applications. Its diverse product offerings and strong presence in critical sectors contribute to its overall stability and growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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