Zacks: Analysts Expect TransDigm Group Incorporated (NYSE:TDG) Will Announce Earnings of $4.94 Per Share

Equities analysts forecast that TransDigm Group Incorporated (NYSE:TDG) will announce $4.94 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TransDigm Group’s earnings, with the highest EPS estimate coming in at $5.26 and the lowest estimate coming in at $4.59. TransDigm Group reported earnings per share of $4.44 in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.3%. The business is scheduled to announce its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that TransDigm Group will report full-year earnings of $17.59 per share for the current fiscal year, with EPS estimates ranging from $16.81 to $18.27. For the next fiscal year, analysts anticipate that the business will report earnings of $21.47 per share, with EPS estimates ranging from $20.26 to $22.60. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow TransDigm Group.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.01 by $0.94. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a negative return on equity of 59.11% and a net margin of 15.26%. TransDigm Group’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 earnings per share.

Several research firms recently weighed in on TDG. UBS Group lifted their target price on TransDigm Group to $605.00 and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group raised their price target on TransDigm Group from $539.00 to $617.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley started coverage on TransDigm Group in a report on Tuesday, June 4th. They set an “equal weight” rating and a $520.00 price target on the stock. SunTrust Banks raised their price target on TransDigm Group to $560.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Berenberg Bank set a $540.00 price target on TransDigm Group and gave the company a “buy” rating in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $511.82.

In other news, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total value of $4,673,800.00. Following the sale, the vice president now directly owns 35,000 shares of the company’s stock, valued at $16,358,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $475.09, for a total value of $8,115,962.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,666 shares of company stock worth $22,159,136. Insiders own 11.00% of the company’s stock.

Several hedge funds have recently modified their holdings of TDG. Meridian Wealth Management LLC increased its stake in TransDigm Group by 22.0% during the second quarter. Meridian Wealth Management LLC now owns 444 shares of the aerospace company’s stock worth $215,000 after acquiring an additional 80 shares during the last quarter. Pennant Investors LP increased its stake in TransDigm Group by 5.0% during the first quarter. Pennant Investors LP now owns 42,300 shares of the aerospace company’s stock worth $19,204,000 after acquiring an additional 2,000 shares during the last quarter. Rational Advisors LLC increased its stake in TransDigm Group by 206.0% during the first quarter. Rational Advisors LLC now owns 3,400 shares of the aerospace company’s stock worth $1,544,000 after acquiring an additional 2,289 shares during the last quarter. Virtu Financial LLC bought a new stake in TransDigm Group during the first quarter worth approximately $583,000. Finally, Creative Planning increased its stake in TransDigm Group by 4.0% during the first quarter. Creative Planning now owns 1,913 shares of the aerospace company’s stock worth $868,000 after acquiring an additional 74 shares during the last quarter. 98.98% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TDG traded down $6.10 on Friday, hitting $544.73. 263,276 shares of the company traded hands, compared to its average volume of 284,903. The firm has a market cap of $28.58 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.06. The business has a 50 day simple moving average of $492.94. TransDigm Group has a 52-week low of $307.36 and a 52-week high of $555.27.

The firm also recently declared a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 16th will be issued a dividend of $30.00 per share. The ex-dividend date is Thursday, August 15th.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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.

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Earnings History and Estimates for TransDigm Group (NYSE:TDG)

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