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.
Here's Why You Should Add Teledyne Technologies (TDY) Stock
Read MoreHide Full Article
Solid backlog, strategic buyouts in digital imaging market and expanding prospects in instrumentation is likely to boost Teledyne Technologies Incorporated’s (TDY - Free Report) growth.
Earnings estimates for 2019 and 2020 have moved up 12.05% and 10.35% on a year-over-year basis to $9.95 and $10.98, respectively. Revenue estimates for 2019 and 2020 rose 6.79% and 4.16% on a year-over-year basis to $3.10 billion and $3.23 billion, respectively.
Let’s focus on the factors that make the stock an appropriate pick at the moment.
The company has an average four-quarter positive earnings surprise of 9.26%.
Price Performance & Long-Term Growth
In the past 12 months, Teledyne Technologies’ shares have rallied 28.8% compared with the industry’s rise of 10.8%.
The company’s long-term (3 to 5 years) earnings growth is pegged at 7.50%.
Debt/Capital &Current Ratio
Teledyne Technologies is consistently striving to preserve balance-sheet strength. Currently, the company has a current ratio of 1.63. Its financial strength will enable the company to meet near-term debt obligation. Its long-term debt-to-capital ratio is 23.93%, lower than the Zacks S&P 500 composite’s 43.30%.
Favorable Budget
The U.S. administration is in favor of higher defense spending. Macroeconomic environment in the nation is boosting the company’s prospects. Impressively, President Trump proposed defense spending of $750 billion for fiscal 2020, which reflects 4.4% increase from the current defense budget. Increase in spending provisions, on approval, is likely to drive order growth for defense contractors like Teledyne Technologies.
Other Key Picks
Some other top-ranked stocks from the same sector are Aerojet Rocketdyne Holdings, Inc , Transdigm Group Incorporated (TDG - Free Report) and HEICO Corporation (HEI - Free Report) . Aerojet Rocketdyne and Transdigm Group sport a Zacks Rank of 1,while HEICO holds a Zacks Rank #2 (Buy).
Aerojet Rocketdyne pulled off an average positive earnings surprise of 25.46% in the last four quarters. The company’s long-term earnings growth is pegged at 5.50%
Transdigm Group came up with an average positive earnings surprise of 10.71% in the last four quarters. The company’s long-term earnings growth is pegged at 12.60%
HEICO pulled off an average positive earnings surprise of 9.47% in the last four quarters. The company’s long-term earnings growth is pegged at 13.95%
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Here's Why You Should Add Teledyne Technologies (TDY) Stock
Solid backlog, strategic buyouts in digital imaging market and expanding prospects in instrumentation is likely to boost Teledyne Technologies Incorporated’s (TDY - Free Report) growth.
Earnings estimates for 2019 and 2020 have moved up 12.05% and 10.35% on a year-over-year basis to $9.95 and $10.98, respectively. Revenue estimates for 2019 and 2020 rose 6.79% and 4.16% on a year-over-year basis to $3.10 billion and $3.23 billion, respectively.
Let’s focus on the factors that make the stock an appropriate pick at the moment.
Zacks Rank & Surprise History
The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company has an average four-quarter positive earnings surprise of 9.26%.
Price Performance & Long-Term Growth
In the past 12 months, Teledyne Technologies’ shares have rallied 28.8% compared with the industry’s rise of 10.8%.
The company’s long-term (3 to 5 years) earnings growth is pegged at 7.50%.
Debt/Capital &Current Ratio
Teledyne Technologies is consistently striving to preserve balance-sheet strength. Currently, the company has a current ratio of 1.63. Its financial strength will enable the company to meet near-term debt obligation. Its long-term debt-to-capital ratio is 23.93%, lower than the Zacks S&P 500 composite’s 43.30%.
Favorable Budget
The U.S. administration is in favor of higher defense spending. Macroeconomic environment in the nation is boosting the company’s prospects. Impressively, President Trump proposed defense spending of $750 billion for fiscal 2020, which reflects 4.4% increase from the current defense budget. Increase in spending provisions, on approval, is likely to drive order growth for defense contractors like Teledyne Technologies.
Other Key Picks
Some other top-ranked stocks from the same sector are Aerojet Rocketdyne Holdings, Inc , Transdigm Group Incorporated (TDG - Free Report) and HEICO Corporation (HEI - Free Report) . Aerojet Rocketdyne and Transdigm Group sport a Zacks Rank of 1,while HEICO holds a Zacks Rank #2 (Buy).
Aerojet Rocketdyne pulled off an average positive earnings surprise of 25.46% in the last four quarters. The company’s long-term earnings growth is pegged at 5.50%
Transdigm Group came up with an average positive earnings surprise of 10.71% in the last four quarters. The company’s long-term earnings growth is pegged at 12.60%
HEICO pulled off an average positive earnings surprise of 9.47% in the last four quarters. The company’s long-term earnings growth is pegged at 13.95%
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>