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 brokerages have commented on TDG. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $330.00 to $365.00 and gave the company an underweight rating in a research note on Friday, August 10th. Jefferies Financial Group restated a hold rating and issued a $375.00 price target on shares of TransDigm Group in a research note on Tuesday, August 7th. Robert W. Baird lowered shares of TransDigm Group from an outperform rating to a neutral rating and set a $365.00 price target on the stock. in a research note on Thursday, October 11th. Morgan Stanley increased their price objective on shares of TransDigm Group from $341.00 to $372.00 and gave the company an equal weight rating in a report on Thursday, July 12th. Finally, Credit Suisse Group increased 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $378.40.

NYSE:TDG traded up $5.76 during trading hours on Tuesday, reaching $352.93. 46,233 shares of the company’s stock were exchanged, compared to its average volume of 621,416. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.51 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 issued its earnings results on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.07 by ($0.06). The business had revenue of $980.70 million for the quarter, compared to the consensus estimate of $995.06 million. TransDigm Group had a negative return on equity of 29.79% and a net margin of 20.68%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.30 earnings per share. As a group, research analysts predict that TransDigm Group will post 16.85 earnings per share for the current fiscal year.

In related news, insider James Skulina sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $350.27, for a total transaction of $4,168,213.00. Following the sale, the director now owns 25,112 shares of the company’s stock, valued at $8,795,980.24. The disclosure for this sale can be found here. Insiders have sold 45,700 shares of company stock valued at $15,998,357 over the last 90 days. 11.45% of the stock is currently owned by 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: Intrinsic Value

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