Transdigm Group Incorporated (NYSE:TDG) Updates FY17 Earnings Guidance
Transdigm Group Incorporated (NYSE:TDG) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $12.09-12.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.31. The company issued revenue guidance of $3.530-3.570 billion, compared to the consensus revenue estimate of $3.56 billion.
Transdigm Group Incorporated (NYSE TDG) opened at 284.39 on Tuesday. The firm has a market cap of $14.79 billion, a P/E ratio of 32.27 and a beta of 0.56. Transdigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $294.38. The company has a 50-day moving average price of $274.42 and a 200-day moving average price of $250.77.
Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.85 by $0.17. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The business had revenue of $873.23 million for the quarter, compared to analyst estimates of $894.37 million. During the same quarter last year, the firm earned $2.86 EPS. Transdigm Group’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that Transdigm Group Incorporated will post $12.29 earnings per share for the current year.
A number of equities research analysts recently issued reports on TDG shares. Zacks Investment Research raised Transdigm Group from a hold rating to a buy rating and set a $303.00 target price on the stock in a research report on Tuesday, June 6th. Canaccord Genuity reissued a buy rating and issued a $300.00 target price on shares of Transdigm Group in a research report on Thursday, May 25th. Royal Bank Of Canada reissued a buy rating and issued a $316.00 target price on shares of Transdigm Group in a research report on Friday, May 19th. Jefferies Group LLC reissued a buy rating and issued a $298.00 target price on shares of Transdigm Group in a research report on Monday, May 8th. Finally, Deutsche Bank AG reissued a buy rating and issued a $305.00 target price on shares of Transdigm Group in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $287.68.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jorge Valladares sold 5,900 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $278.03, for a total value of $1,640,377.00. Following the transaction, the insider now directly owns 14,900 shares in the company, valued at $4,142,647. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock worth $4,952,017 over the last three months. 10.52% of the stock is owned by insiders.
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About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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