Q2 2018 Earnings Forecast for TransDigm Group Incorporated Issued By SunTrust Banks (TDG)

TransDigm Group Incorporated (NYSE:TDG) – Stock analysts at SunTrust Banks boosted their Q2 2018 earnings estimates for TransDigm Group in a research note issued on Wednesday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will post earnings per share of $3.59 for the quarter, up from their previous estimate of $3.14. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for TransDigm Group’s Q3 2018 earnings at $4.00 EPS, Q4 2018 earnings at $4.22 EPS, FY2018 earnings at $17.20 EPS and FY2019 earnings at $15.07 EPS.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.21). TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The business had revenue of $847.96 million for the quarter, compared to analysts’ expectations of $860.12 million. During the same period in the prior year, the company earned $2.57 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several other brokerages have also weighed in on TDG. 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. Robert W. Baird increased their target price on TransDigm Group from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stephens raised TransDigm Group from an “underweight” rating to an “equal weight” rating and set a $275.00 target price on the stock in a research report on Thursday. Jefferies Group set a $323.00 target price on TransDigm Group and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley increased their target price on TransDigm Group from $265.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. TransDigm Group presently has an average rating of “Buy” and an average price target of $309.44.

TransDigm Group (NYSE:TDG) opened at $282.55 on Monday. TransDigm Group has a 52 week low of $203.72 and a 52 week high of $321.38. The firm has a market capitalization of $14,747.98, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.89 and a beta of 0.66. The company has a current ratio of 2.76, a quick ratio of 1.61 and a debt-to-equity ratio of -4.38.

In other TransDigm Group news, EVP Roger Jones sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total value of $1,472,500.00. Following the transaction, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at $2,650,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $263.94, for a total value of $1,583,640.00. Following the completion of the transaction, the director now directly owns 75,818 shares in the company, valued at $20,011,402.92. The disclosure for this sale can be found here. Insiders sold 94,548 shares of company stock worth $25,894,245 over the last three months. 10.52% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in TransDigm Group by 43.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in TransDigm Group by 540.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares during the period. Neville Rodie & Shaw Inc. purchased a new position in TransDigm Group in the fourth quarter valued at about $205,000. Alps Advisors Inc. purchased a new position in TransDigm Group in the fourth quarter valued at about $205,000. Finally, HighTower Advisors LLC purchased a new position in TransDigm Group in the second quarter valued at about $201,000.

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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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