TransDigm Group (NYSE:TDG) Releases FY20 Earnings Guidance

Share on StockTwits

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.

A number of equities research analysts have recently issued reports on the stock. Cowen reaffirmed a buy rating and set a $590.00 target price on shares of TransDigm Group in a report on Tuesday. ValuEngine lowered shares of TransDigm Group from a buy rating to a hold rating in a report on Wednesday, October 2nd. Berenberg Bank reaffirmed a buy rating and set a $600.00 target price on shares of TransDigm Group in a report on Monday. Morgan Stanley dropped their target price on shares of TransDigm Group from $570.00 to $560.00 and set an equal weight rating for the company in a report on Thursday, October 10th. Finally, Jefferies Financial Group upped their target price on shares of TransDigm Group from $480.00 to $550.00 and gave the stock a hold rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $579.64.

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.

See Also: Profit Margin

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

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Somewhat Negative Media Coverage Extremely Likely to Affect Costco Wholesale  Share Price
Somewhat Negative Media Coverage Extremely Likely to Affect Costco Wholesale Share Price
Zacks: Analysts Anticipate Kroger Co  Will Announce Quarterly Sales of $28.76 Billion
Zacks: Analysts Anticipate Kroger Co Will Announce Quarterly Sales of $28.76 Billion
Brokerages Expect Golden Star Resources, Ltd  to Announce $0.03 EPS
Brokerages Expect Golden Star Resources, Ltd to Announce $0.03 EPS
Zacks: Analysts Anticipate Silgan Holdings Inc.  Will Announce Earnings of $0.38 Per Share
Zacks: Analysts Anticipate Silgan Holdings Inc. Will Announce Earnings of $0.38 Per Share
Analysts Anticipate PETROLEO BRASIL/ADR  to Announce $0.29 Earnings Per Share
Analysts Anticipate PETROLEO BRASIL/ADR to Announce $0.29 Earnings Per Share
Brokerages Expect Monroe Capital Corp  Will Post Quarterly Sales of $17.56 Million
Brokerages Expect Monroe Capital Corp Will Post Quarterly Sales of $17.56 Million


© 2006-2019 Ticker Report