Teledyne Technologies (TDY) Earning Positive Press Coverage, Study Finds

News coverage about Teledyne Technologies (NYSE:TDY) has been trending positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teledyne Technologies earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.8367905571957 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Teledyne Technologies (TDY) traded up $1.64 during mid-day trading on Friday, hitting $198.89. The stock had a trading volume of 109,382 shares, compared to its average volume of 127,450. Teledyne Technologies has a 52 week low of $119.69 and a 52 week high of $199.04. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6,989.85, a price-to-earnings ratio of 33.82, a PEG ratio of 3.70 and a beta of 1.03.

Teledyne Technologies (NYSE:TDY) last posted its earnings results on Thursday, November 2nd. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.34. Teledyne Technologies had a return on equity of 14.18% and a net margin of 8.67%. The company had revenue of $662.20 million for the quarter, compared to analyst estimates of $656.20 million. During the same quarter last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. research analysts expect that Teledyne Technologies will post 6.7 EPS for the current year.

Several research analysts have issued reports on the company. Needham & Company LLC increased their price target on Teledyne Technologies to $205.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research lowered Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine lowered Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group increased their price target on Teledyne Technologies from $150.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Teledyne Technologies has a consensus rating of “Hold” and a consensus price target of $180.33.

In other news, CFO Sue Main sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $183.88, for a total value of $1,287,160.00. Following the transaction, the chief financial officer now owns 40,874 shares in the company, valued at $7,515,911.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cynthia Y. Belak sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $185.44, for a total value of $315,248.00. Following the completion of the transaction, the vice president now owns 6,903 shares in the company, valued at approximately $1,280,092.32. The disclosure for this sale can be found here. Insiders sold 25,364 shares of company stock worth $4,643,847 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Teledyne Technologies (TDY) Earning Positive Press Coverage, Study Finds” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.com-unik.info/2018/01/28/teledyne-technologies-tdy-earning-positive-press-coverage-study-finds.html.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

Insider Buying and Selling by Quarter for Teledyne Technologies (NYSE:TDY)

Receive News & Ratings for Teledyne Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teledyne Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit