Wall Street brokerages expect that TransDigm Group Incorporated (NYSE:TDG) will report earnings per share of $2.78 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for TransDigm Group’s earnings. The highest EPS estimate is $3.36 and the lowest is $2.49. TransDigm Group reported earnings of $2.57 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is scheduled to announce its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that TransDigm Group will report full-year earnings of $13.29 per share for the current fiscal year, with EPS estimates ranging from $13.10 to $13.50. For the next year, analysts anticipate that the firm will post earnings of $14.66 per share, with EPS estimates ranging from $13.35 to $15.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover TransDigm Group.
TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.30. The company had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.29 EPS.
TransDigm Group (NYSE TDG) opened at $273.81 on Thursday. TransDigm Group has a 52-week low of $203.72 and a 52-week high of $295.00. The stock has a market cap of $14,190.00, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.28 and a beta of 0.62. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61.
In other TransDigm Group news, Director Michael Graff sold 1,872 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the transaction, the director now owns 9,482 shares in the company, valued at $2,644,719.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO W Nicholas Howley sold 63,776 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,648 shares of company stock valued at $26,439,672. Corporate insiders own 10.52% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of TransDigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 14 shares during the period. HighTower Advisors LLC purchased a new position in TransDigm Group in the 2nd quarter worth about $201,000. Laurion Capital Management LP purchased a new position in TransDigm Group in the 2nd quarter worth about $205,000. Trexquant Investment LP purchased a new position in TransDigm Group in the 3rd quarter worth about $209,000. Finally, ETF Managers Group LLC purchased a new position in TransDigm Group in the 2nd quarter worth about $224,000.
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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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