Transdigm Group Incorporated (NYSE:TDG) is scheduled to announce its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $3.41 per share for the quarter. Transdigm Group has set its FY17 guidance at $12.09-12.33 EPS.
Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The firm had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. During the same period in the previous year, the firm earned $3.09 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. On average, analysts expect Transdigm Group to post $11.65 EPS for the current fiscal year and $12.76 EPS for the next fiscal year.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total value of $1,665,360.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,011,569.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $8,729,280 over the last quarter. Company insiders own 10.52% of the company’s stock.
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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