TransDigm Group Incorporated (TDG) Expected to Post Earnings of $3.39 Per Share
Equities analysts expect that TransDigm Group Incorporated (NYSE:TDG) will report $3.39 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for TransDigm Group’s earnings, with the highest EPS estimate coming in at $3.67 and the lowest estimate coming in at $3.17. TransDigm Group posted earnings of $2.62 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 5th.
On average, analysts expect that TransDigm Group will report full year earnings of $16.48 per share for the current year, with EPS estimates ranging from $16.25 to $16.71. For the next fiscal year, analysts expect that the business will post earnings of $18.55 per share, with EPS estimates ranging from $18.20 to $18.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover TransDigm Group.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.05 by $0.39. TransDigm Group had a negative return on equity of 35.67% and a net margin of 23.64%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $3.48 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis.
In related news, insider James Skulina sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $345.46, for a total value of $5,181,900.00. Following the sale, the insider now directly owns 19,000 shares of the company’s stock, valued at $6,563,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $326.65, for a total value of $3,887,135.00. Following the completion of the sale, the director now directly owns 25,193 shares in the company, valued at $8,229,293.45. The disclosure for this sale can be found here. Insiders sold 48,800 shares of company stock worth $17,012,044 over the last three months. 10.52% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank bought a new stake in shares of TransDigm Group in the third quarter worth about $117,000. Fort L.P. bought a new stake in shares of TransDigm Group in the second quarter worth about $123,000. TLP Group LLC bought a new stake in shares of TransDigm Group in the third quarter worth about $145,000. Asset Advisors Investment Management LLC purchased a new stake in TransDigm Group in the third quarter worth about $186,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in TransDigm Group in the second quarter worth about $190,000.
Shares of NYSE:TDG traded down $5.96 on Friday, reaching $347.85. 661,953 shares of the company traded hands, compared to its average volume of 430,094. TransDigm Group has a 52 week low of $265.29 and a 52 week high of $377.67. The stock has a market capitalization of $18.66 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.
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.
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