Transdigm Group Incorporated (TDG) Posts Earnings Results, Beats Estimates By $0.32 EPS
Transdigm Group Incorporated (NYSE:TDG) posted its quarterly earnings results on Tuesday. The aerospace company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.32, Bloomberg Earnings reports. The company had revenue of $907.67 million for the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.09 EPS. Transdigm Group updated its FY17 guidance to $12.09-12.33 EPS.
Transdigm Group (NYSE:TDG) traded up 3.1233% during trading on Tuesday, reaching $293.2725. The company’s stock had a trading volume of 216,240 shares. The company has a market cap of $15.26 billion, a P/E ratio of 33.2810 and a beta of 0.56. The stock’s 50-day moving average is $274.42 and its 200 day moving average is $250.77. Transdigm Group has a 12 month low of $203.72 and a 12 month high of $295.00.
In other news, insider Jorge Valladares sold 100 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total transaction of $27,600.00. Following the transaction, the insider now owns 9,100 shares in the company, valued at $2,511,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the transaction, the director now owns 75,701 shares in the company, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock worth $4,952,017 in the last quarter. Company insiders own 10.52% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Korea Investment CORP raised its position in shares of Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares in the last quarter. Neville Rodie & Shaw Inc. bought a new position in shares of Transdigm Group during the second quarter valued at $200,000. Plancorp LLC bought a new position in shares of Transdigm Group during the second quarter valued at $213,000. First Capital Advisors Group LLC. bought a new position in shares of Transdigm Group during the second quarter valued at $220,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Transdigm Group during the second quarter valued at $234,000.
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A number of research analysts have recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research note on Thursday, May 25th. Jefferies Group LLC reissued a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a research note on Friday, July 14th. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub downgraded Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Stephens downgraded Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 price target on the stock. in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Transdigm Group has an average rating of “Buy” and an average target price of $287.68.
Transdigm Group Company Profile
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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