TransDigm Group (NYSE:TDG) Updates FY 2019 Earnings Guidance

TransDigm Group (NYSE:TDG) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $17.93-18.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $17.08. The company issued revenue guidance of $5.5-5.55 billion, compared to the consensus revenue estimate of $5.45 billion.TransDigm Group also updated its FY19 guidance to $17.93 to $18.25 EPS.

Shares of TDG stock traded up $12.94 during trading on Wednesday, reaching $537.33. 484,700 shares of the company’s stock traded hands, compared to its average volume of 333,519. The company has a market capitalization of $25.05 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.48 and a beta of 1.06. The stock has a 50-day moving average price of $490.49. TransDigm Group has a 1 year low of $307.36 and a 1 year high of $555.27.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.94. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. TransDigm Group’s revenue was up 69.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.59 EPS. As a group, analysts forecast that TransDigm Group will post 16.03 earnings per share for the current fiscal year.

A number of analysts recently commented on TDG shares. Zacks Investment Research upgraded shares of TransDigm Group from a hold rating to a buy rating and set a $513.00 price target on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $465.00 to $515.00 and gave the stock an underweight rating in a report on Tuesday, May 14th. Barclays reaffirmed a buy rating on shares of TransDigm Group in a report on Wednesday, May 15th. Longbow Research started coverage on shares of TransDigm Group in a report on Tuesday, April 9th. They set a neutral rating on the stock. Finally, Morgan Stanley started coverage on shares of TransDigm Group in a report on Tuesday, June 4th. They set an equal weight rating and a $520.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $511.82.

In other news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $467.38, for a total value of $4,673,800.00. Following the transaction, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $16,358,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $480.46, for a total transaction of $8,207,698.18. The disclosure for this sale can be found here. Insiders have sold a total of 63,749 shares of company stock worth $30,135,018 in the last ninety days. 11.00% of the stock is currently owned by insiders.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Earnings History and Estimates for TransDigm Group (NYSE:TDG)

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