TransDigm Group (NYSE:TDG) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $19.80-21.20 for the period, compared to the Thomson Reuters consensus estimate of $21.20. The company issued revenue guidance of $6.175-6.325 billion, compared to the consensus revenue estimate of $6.34 billion.
Shares of NYSE TDG opened at $575.00 on Thursday. The firm has a market cap of $29.88 billion, a PE ratio of 33.84, a PEG ratio of 2.49 and a beta of 0.95. The firm has a fifty day moving average of $530.60 and a 200 day moving average of $504.07. TransDigm Group has a one year low of $311.46 and a one year high of $581.07.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, November 19th. The aerospace company reported $5.62 EPS for the quarter, topping the consensus estimate of $4.85 by $0.77. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.61 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The firm’s revenue was up 46.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.44 EPS. As a group, research analysts predict that TransDigm Group will post 16.92 EPS for the current fiscal year.
In related news, EVP James Skulina sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $509.52, for a total value of $2,547,600.00. Following the completion of the sale, the executive vice president now owns 9,000 shares of the company’s stock, valued at $4,585,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $521.36, for a total transaction of $8,906,392.88. The disclosure for this sale can be found here. Insiders sold 110,948 shares of company stock valued at $58,667,331 in the last three months. 11.00% of the stock is currently owned by 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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