TransDigm Group (TDG) Set to Announce Earnings on Tuesday

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TransDigm Group (NYSE:TDG) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect TransDigm Group to post earnings of $4.01 per share for the quarter. TransDigm Group has set its FY 2019 guidance at $16.47-17.15 EPS and its FY19 guidance at $16.47-17.15 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.73 by $0.48. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The company’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.79 earnings per share. On average, analysts expect TransDigm Group to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Shares of TDG stock opened at $470.95 on Monday. The stock has a market cap of $25.05 billion, a PE ratio of 27.72, a P/E/G ratio of 2.48 and a beta of 1.06. The company’s 50 day simple moving average is $488.60. TransDigm Group has a 12 month low of $307.36 and a 12 month high of $502.67.

TDG has been the topic of a number of recent research reports. Credit Suisse Group upped their price target on shares of TransDigm Group from $476.00 to $539.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. 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. Berenberg Bank set a $540.00 price target on shares of TransDigm Group and gave the company a “buy” rating in a research note on Thursday, June 13th. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a research note on Tuesday, May 14th. Finally, UBS Group upped their price target on shares of TransDigm Group from $540.00 to $565.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $491.27.

In other TransDigm Group news, Director John Staer sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $464.67, for a total value of $1,161,675.00. Following the sale, the director now directly owns 1,691 shares in the company, valued at approximately $785,756.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction that occurred 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 over the last 90 days. 11.00% of the stock is currently owned by corporate insiders.

About TransDigm Group

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 for TransDigm Group (NYSE:TDG)

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