Teledyne Technologies Inc. (NYSE: TDY) has reported earnings for its first fiscal quarter (ending March 31) of $3.72 versus $3.81 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $18.70 versus $16.12 for the same period a year ago.
Recent Price Action
Teledyne Technologies Inc. (NYSE: TDY) stock suffered a major decline of -10.9% on 4/24/24. The shares closed at $362.50. Moreover, this decline was accompanied by exceptionally high trading volume at 470% of normal. The stock has performed in line with the market over the last nine months and has declined -9.6% during the last week.
Current PriceTarget Research Rating
TDY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Teledyne Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Teledyne Technologies has a neutral Appreciation Score of 48 and a slightly positive Power Rating of 65, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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