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.
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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