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.
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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