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Want To Invest In Teledyne Technologies Incorporated (NYSE:TDY)? Here's How It Performed Lately

Simply Wall St

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For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine Teledyne Technologies Incorporated's (NYSE:TDY) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers.

Check out our latest analysis for Teledyne Technologies

Commentary On TDY's Past Performance

TDY's trailing twelve-month earnings (from 31 March 2019) of US$343m has jumped 30% compared to the previous year.

Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 10.0%, indicating the rate at which TDY is growing has accelerated. What's the driver of this growth? Let's take a look at if it is only a result of an industry uplift, or if Teledyne Technologies has experienced some company-specific growth.

NYSE:TDY Income Statement, July 12th 2019

In terms of returns from investment, Teledyne Technologies has fallen short of achieving a 20% return on equity (ROE), recording 15% instead. However, its return on assets (ROA) of 8.8% exceeds the US Aerospace & Defense industry of 7.1%, indicating Teledyne Technologies has used its assets more efficiently. And finally, its return on capital (ROC), which also accounts for Teledyne Technologies’s debt level, has increased over the past 3 years from 12% to 13%.

What does this mean?

Teledyne Technologies's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story. Positive growth and profitability are what investors like to see in a company’s track record, but how do we properly assess sustainability? I recommend you continue to research Teledyne Technologies to get a better picture of the stock by looking at:

  1. Future Outlook: What are well-informed industry analysts predicting for TDY’s future growth? Take a look at our free research report of analyst consensus for TDY’s outlook.
  2. Financial Health: Are TDY’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

NB: Figures in this article are calculated using data from the trailing twelve months from 31 March 2019. This may not be consistent with full year annual report figures.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.