Transdigm Group Incorporated (NYSE:TDG) Scheduled to Post Earnings on Tuesday
Transdigm Group Incorporated (NYSE:TDG) is scheduled to release its earnings data before the market opens on Tuesday, August 8th. Analysts expect Transdigm Group to post earnings of $3.14 per share for the quarter.
Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.17. Transdigm Group had a net margin of 14.10% and a negative return on equity of 47.38%. The firm had revenue of $873.23 million during the quarter, compared to the consensus estimate of $894.37 million. During the same quarter in the previous year, the company posted $2.86 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect Transdigm Group to post $12.30 EPS for the current fiscal year and $13.79 EPS for the next fiscal year.
Transdigm Group Incorporated (NYSE TDG) opened at 280.60 on Monday. The firm has a market cap of $14.60 billion, a P/E ratio of 31.84 and a beta of 0.56. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $294.38. The company has a 50-day moving average of $274.42 and a 200 day moving average of $250.77.
TDG has been the subject of several analyst reports. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “sell” rating in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $298.00 target price on shares of Transdigm Group in a report on Monday, May 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $316.00 target price on shares of Transdigm Group in a report on Tuesday, April 18th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $300.00 target price (up from $262.00) on shares of Transdigm Group in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Transdigm Group presently has an average rating of “Buy” and an average target price of $287.68.
In other news, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the completion of the sale, the insider now directly owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the sale, the director now directly owns 75,701 shares of the company’s stock, valued at $21,333,298.81. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $4,952,017 over the last ninety days. Company insiders own 10.52% of the company’s stock.
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Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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