TransDigm Group Inc. (TDG) Issues FY17 Earnings Guidance
TransDigm Group Inc. (NYSE:TDG) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $11.84-12.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.78. The company issued revenue guidance of $3.515-3.565 billion, compared to the consensus revenue estimate of $3.57 billion.
TDG has been the subject of a number of analyst reports. Canaccord Genuity reissued a buy rating and set a $325.00 target price on shares of TransDigm Group in a research report on Wednesday, September 7th. Zacks Investment Research cut shares of TransDigm Group from a hold rating to a sell rating in a research report on Thursday, August 11th. Wolfe Research cut shares of TransDigm Group from an outperform rating to a market perform rating in a research report on Friday, July 29th. Barclays PLC increased their target price on shares of TransDigm Group from $300.00 to $310.00 and gave the company an overweight rating in a research report on Wednesday, August 10th. Finally, Deutsche Bank AG increased their target price on shares of TransDigm Group from $260.00 to $300.00 and gave the company a hold rating in a research report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. TransDigm Group has an average rating of Hold and a consensus price target of $266.00.
Shares of TransDigm Group Inc. (NYSE:TDG) opened at 272.29 on Monday. The company’s 50-day moving average is $276.85 and its 200 day moving average is $269.51. TransDigm Group Inc. has a 52-week low of $180.76 and a 52-week high of $294.38. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 28.80 and a beta of 0.61.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.09. The business earned $875.20 million during the quarter, compared to the consensus estimate of $884.26 million. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.83 EPS. On average, analysts expect that TransDigm Group Inc. will post $11.41 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 24th were given a dividend of $24.00 per share. The ex-dividend date of this dividend was Thursday, October 20th.
In related news, insider Bernt G. Iversen II sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $287.16, for a total value of $2,871,600.00. Following the completion of the sale, the insider now owns 15,010 shares in the company, valued at approximately $4,310,271.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Roger Jones sold 7,500 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the completion of the sale, the insider now owns 11,500 shares of the company’s stock, valued at approximately $3,288,080. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its stake in TransDigm Group by 1.9% in the third quarter. Profund Advisors LLC now owns 1,584 shares of the company’s stock valued at $458,000 after buying an additional 30 shares during the period. Arizona State Retirement System acquired a new stake in TransDigm Group during the second quarter valued at approximately $3,428,000. Euclid Advisors LLC acquired a new stake in TransDigm Group during the second quarter valued at approximately $443,000. Teachers Retirement System of The State of Kentucky acquired a new stake in TransDigm Group during the second quarter valued at approximately $1,846,000. Finally, Paloma Partners Management Co acquired a new stake in TransDigm Group during the second quarter valued at approximately $3,812,000.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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