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

TransDigm Group (NYSE:TDG) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $17.93-18.25 for the period, compared to the Thomson Reuters consensus EPS 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.

NYSE TDG opened at $461.33 on Tuesday. TransDigm Group has a 12 month low of $307.36 and a 12 month high of $502.67. The company has a market cap of $25.05 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06. The company’s fifty day moving average is $488.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $4.21 EPS for the quarter, beating the Zacks’ consensus estimate of $3.73 by $0.48. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $3.79 EPS. The firm’s revenue was up 28.2% compared to the same quarter last year. On average, sell-side analysts expect that TransDigm Group will post 16.03 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Barclays restated a buy rating on shares of TransDigm Group in a research report on Wednesday, May 15th. Canaccord Genuity restated a buy rating and issued a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $465.00 to $515.00 and gave the stock an underweight rating in a research report on Tuesday, May 14th. Cowen restated a buy rating and issued a $520.00 price target on shares of TransDigm Group in a research report on Tuesday. Finally, UBS Group raised their price target on shares of TransDigm Group from $540.00 to $565.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $491.27.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $480.46, for a total value of $8,207,698.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total transaction of $4,673,800.00. Following the completion of the sale, the vice president now directly owns 35,000 shares in the company, valued at approximately $16,358,300. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,749 shares of company stock worth $30,135,018. Insiders own 11.00% of the company’s stock.

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.

See Also: New Google Finance Tool and Screening Stocks

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.