TransDigm Group (TDG) Releases FY19 Earnings Guidance

TransDigm Group (NYSE:TDG) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $15.92-16.60 for the period, compared to the Thomson Reuters consensus estimate of $16.90. The company issued revenue guidance of $4.125-4.215 billion, compared to the consensus revenue estimate of $4.11 billion.TransDigm Group also updated its FY 2019 guidance to $15.92-16.60 EPS.

Several equities analysts have issued reports on the stock. Berenberg Bank assumed coverage on shares of TransDigm Group in a report on Friday, September 28th. They issued a buy rating and a $420.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $330.00 to $365.00 and gave the stock an underweight rating in a report on Friday, August 10th. Morgan Stanley lifted their price target on shares of TransDigm Group from $341.00 to $372.00 and gave the stock an equal weight rating in a report on Thursday, July 12th. Credit Suisse Group boosted their price objective on shares of TransDigm Group from $400.00 to $408.00 and gave the company an outperform rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group reissued a hold rating and set a $375.00 price objective on shares of TransDigm Group in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $378.40.

Shares of TDG traded down $2.88 during trading hours on Thursday, reaching $357.63. 315,357 shares of the company traded hands, compared to its average volume of 428,150. The firm has a market capitalization of $18.69 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89. TransDigm Group has a 12-month low of $260.83 and a 12-month high of $377.67.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.39. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. TransDigm Group had a net margin of 23.64% and a negative return on equity of 33.66%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.48 earnings per share. On average, equities research analysts forecast that TransDigm Group will post 16.21 EPS for the current fiscal year.

In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $350.27, for a total value of $4,168,213.00. Following the sale, the director now directly owns 25,112 shares of the company’s stock, valued at $8,795,980.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Skulina sold 10,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $355.06, for a total transaction of $3,550,600.00. Following the completion of the sale, the insider now directly owns 14,000 shares in the company, valued at $4,970,840. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,700 shares of company stock worth $15,998,357. 10.52% of the stock is owned by corporate insiders.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

See Also: Return on Investment (ROI)

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