TransDigm Group (NYSE:TDG) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 1st. Analysts expect the company to announce earnings of $3.41 per share for the quarter. TransDigm Group has set its FY18 guidance at $13.99-14.63 EPS.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The company had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. During the same quarter in the prior year, the company earned $2.57 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect TransDigm Group to post $17 EPS for the current fiscal year and $15 EPS for the next fiscal year.
Shares of NYSE:TDG opened at $328.13 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38. TransDigm Group has a 52-week low of $237.54 and a 52-week high of $331.19. The firm has a market capitalization of $17,104.73, a PE ratio of 27.32, a P/E/G ratio of 1.67 and a beta of 0.77.
TDG has been the topic of several recent research reports. Morgan Stanley restated an “equal weight” rating and issued a $306.00 price objective (up from $290.00) on shares of TransDigm Group in a research report on Friday, February 23rd. Barclays initiated coverage on TransDigm Group in a research report on Thursday, March 29th. They set an “overweight” rating and a $382.00 target price on the stock. Bank of America increased their target price on TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. SunTrust Banks increased their target price on TransDigm Group to $335.00 and gave the stock a “buy” rating in a research report on Monday, April 16th. Finally, Zacks Investment Research downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $326.57.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $292.44, for a total transaction of $3,480,036.00. Following the completion of the sale, the director now directly owns 27,688 shares in the company, valued at $8,097,078.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex Feil sold 5,444 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $280.85, for a total value of $1,528,947.40. Following the sale, the insider now owns 5,444 shares of the company’s stock, valued at $1,528,947.40. The disclosure for this sale can be found here. Insiders have sold 88,644 shares of company stock valued at $26,937,612 over the last 90 days. 11.45% of the stock is currently owned by insiders.
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TransDigm Group Company Profile
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.
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