Equities Analysts Issue Forecasts for TransDigm Group Inc.’s FY2017 Earnings (TDG)
TransDigm Group Inc. (NYSE:TDG) – Investment analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of TransDigm Group in a research note issued to investors on Wednesday. Jefferies Group analyst S. Kahyaoglu expects that the brokerage will earn $11.27 per share for the year. Jefferies Group currently has a “Buy” rating and a $340.00 target price on the stock.
TransDigm Group (NYSE:TDG) last released its earnings results on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.09. The company earned $875.20 million during the quarter, compared to the consensus estimate of $884.26 million. TransDigm Group had a negative return on equity of 71.44% and a net margin of 17.30%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.83 earnings per share.
A number of other equities research analysts also recently issued reports on TDG. Wolfe Research downgraded TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Barclays PLC increased their price target on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 10th. Deutsche Bank AG increased their price target on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $325.00 target price on shares of TransDigm Group in a report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $265.17.
Shares of TransDigm Group (NYSE:TDG) opened at 250.03 on Monday. TransDigm Group has a 12-month low of $180.76 and a 12-month high of $294.38. The company has a 50-day moving average price of $276.85 and a 200-day moving average price of $269.51. The company has a market cap of $13.34 billion, a P/E ratio of 24.07 and a beta of 0.61.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in TransDigm Group by 99.8% in the second quarter. State Street Corp now owns 2,040,202 shares of the company’s stock worth $537,981,000 after buying an additional 1,019,026 shares during the period. Vanguard Group Inc. increased its position in TransDigm Group by 23.9% in the second quarter. Vanguard Group Inc. now owns 4,519,006 shares of the company’s stock worth $1,191,617,000 after buying an additional 873,098 shares during the period. Matrix Capital Management Company LP bought a new position in TransDigm Group during the third quarter worth about $178,613,000. FMR LLC increased its position in TransDigm Group by 37.4% in the second quarter. FMR LLC now owns 2,076,176 shares of the company’s stock worth $547,466,000 after buying an additional 564,864 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in TransDigm Group during the second quarter worth about $87,082,000.
In other news, VP Robert S. Henderson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $271.09, for a total value of $2,710,900.00. Following the completion of the sale, the vice president now directly owns 20,000 shares in the company, valued at approximately $5,421,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Roger Jones sold 7,500 shares of TransDigm Group stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $285.92, for a total value of $2,144,400.00. Following the transaction, 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. Corporate insiders own 9.30% of the company’s stock.
The business also recently announced a special dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 24th were given a dividend of $24.00 per share. The ex-dividend date was Thursday, October 20th.
About TransDigm Group
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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