We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Reasons to Add Teledyne Technologies Stock to Your Portfolio Now
Read MoreHide Full Article
Teledyne Technologies, Inc. (TDY - Free Report) , with its strategic buyouts, rising earnings estimates and low debt, offers a great investment opportunity in the Zacks Aerospace sector.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
TDY’s Growth Projections & Surprise History
The Zacks Consensus Estimate for TDY’s 2024 earnings per share (EPS) has increased 0.3% to $19.43 per share in the past 60 days. The Zacks Consensus Estimate for Teledyne Technologies’ total revenues for the third quarter of 2024 stands at $1.42 billion, which indicates year-over-year growth of 1.6%.
Teledyne Technologies’ (three to five years) long-term earnings growth rate is 7.3%. The company delivered an average earnings surprise of 3.47% in the last four quarters.
Debt Position of TDY
Currently, Teledyne Technologies’ total debt to capital is 23.09%, better than the industry’s average of 53.06%.
Teledyne Technologies’ times interest earned ratio (TIE) at the end of the second quarter of 2024 was 16.3. The company’s strong TIE ratio indicates that it will be able to meet its interest payment obligations in the near term without any problems.
Teledyne’s Liquidity
The company’s current ratio at the end of the second quarter of 2024 was 1.98, higher than the industry’s average of 1.51. The ratio, being greater than one, indicates Teledyne Technologies’ ability to meet its future short-term liabilities without difficulties.
Strategic Buyouts Aid TDY
Strategic acquisitions have been an integral aspect of Teledyne's expansion. Among its recent takeovers, worth mentioning is Adimec Holding B.V. and its affiliates, which the company acquired in June 2024. This buyout is anticipated to benefit Teledyne's Digital Imaging division.
Teledyne previously bought Valeport Holdings 2019 Limited and its subsidiaries in April 2024. The purchase ought to strengthen Teledyne's portfolio of maritime instrumentation products. Such acquisitions should expand TDY’s product portfolio, bolstering its revenue generation prospects.
Teledyne Stock Price Movement
In the past three months, Teledyne shares have rallied 14.4% compared with the industry’s growth of 12.2%.
FTAI Aviation delivered an average earnings surprise of 27.03% in the last four quarters. The Zacks Consensus Estimate for FTAI’s total revenues for 2024 stands at $1.65 billion, which indicates growth of 40.7% from the 2023 reported figure.
Leonardo DRS’ long-term earnings growth rate is 18%. The Zacks Consensus Estimate for DRS’ total revenues for 2024 stands at $3.15 billion, which indicates year-over-year growth of 11.4%.
CW delivered an average earnings surprise of 11.52% in the last four quarters. The Zacks Consensus Estimate for its 2024 revenues is pegged at $3.05 billion, which implies a rise of 7.1% from the 2023 reported sales figure.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Reasons to Add Teledyne Technologies Stock to Your Portfolio Now
Teledyne Technologies, Inc. (TDY - Free Report) , with its strategic buyouts, rising earnings estimates and low debt, offers a great investment opportunity in the Zacks Aerospace sector.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
TDY’s Growth Projections & Surprise History
The Zacks Consensus Estimate for TDY’s 2024 earnings per share (EPS) has increased 0.3% to $19.43 per share in the past 60 days. The Zacks Consensus Estimate for Teledyne Technologies’ total revenues for the third quarter of 2024 stands at $1.42 billion, which indicates year-over-year growth of 1.6%.
Teledyne Technologies’ (three to five years) long-term earnings growth rate is 7.3%. The company delivered an average earnings surprise of 3.47% in the last four quarters.
Debt Position of TDY
Currently, Teledyne Technologies’ total debt to capital is 23.09%, better than the industry’s average of 53.06%.
Teledyne Technologies’ times interest earned ratio (TIE) at the end of the second quarter of 2024 was 16.3. The company’s strong TIE ratio indicates that it will be able to meet its interest payment obligations in the near term without any problems.
Teledyne’s Liquidity
The company’s current ratio at the end of the second quarter of 2024 was 1.98, higher than the industry’s average of 1.51. The ratio, being greater than one, indicates Teledyne Technologies’ ability to meet its future short-term liabilities without difficulties.
Strategic Buyouts Aid TDY
Strategic acquisitions have been an integral aspect of Teledyne's expansion. Among its recent takeovers, worth mentioning is Adimec Holding B.V. and its affiliates, which the company acquired in June 2024. This buyout is anticipated to benefit Teledyne's Digital Imaging division.
Teledyne previously bought Valeport Holdings 2019 Limited and its subsidiaries in April 2024. The purchase ought to strengthen Teledyne's portfolio of maritime instrumentation products. Such acquisitions should expand TDY’s product portfolio, bolstering its revenue generation prospects.
Teledyne Stock Price Movement
In the past three months, Teledyne shares have rallied 14.4% compared with the industry’s growth of 12.2%.
Image Source: Zacks Investment Research
Other Stocks to Consider
A few other top-ranked stocks from the same industry are FTAI Aviation Ltd. (FTAI - Free Report) , which sports a Zacks Rank #1 (Strong Buy), and Leonardo DRS, Inc. (DRS - Free Report) and Curtiss-Wright Corp. (CW - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
FTAI Aviation delivered an average earnings surprise of 27.03% in the last four quarters. The Zacks Consensus Estimate for FTAI’s total revenues for 2024 stands at $1.65 billion, which indicates growth of 40.7% from the 2023 reported figure.
Leonardo DRS’ long-term earnings growth rate is 18%. The Zacks Consensus Estimate for DRS’ total revenues for 2024 stands at $3.15 billion, which indicates year-over-year growth of 11.4%.
CW delivered an average earnings surprise of 11.52% in the last four quarters. The Zacks Consensus Estimate for its 2024 revenues is pegged at $3.05 billion, which implies a rise of 7.1% from the 2023 reported sales figure.