TransDigm Group (TDG) Announces Earnings Results, Beats Expectations By $0.39 EPS

TransDigm Group (NYSE:TDG) released its earnings results on Tuesday. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.39, MarketWatch Earnings reports. TransDigm Group had a net margin of 23.64% and a negative return on equity of 33.66%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $3.48 earnings per share. TransDigm Group’s revenue was up 18.5% compared to the same quarter last year. TransDigm Group updated its FY 2019 guidance to $15.92-16.60 EPS and its FY19 guidance to $15.92-16.60 EPS.

TDG traded down $6.75 during trading on Thursday, hitting $353.76. 4,673 shares of the company’s stock were exchanged, compared to its average volume of 667,327. TransDigm Group has a 1 year low of $260.83 and a 1 year high of $377.67. The company has a market cap of $18.69 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.56 and a beta of 0.89.

A number of equities research analysts recently issued reports on the stock. SunTrust Banks boosted their target price on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a report on Thursday, October 11th. Robert W. Baird downgraded shares of TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 target price for the company. in a report on Thursday, October 11th. Berenberg Bank assumed coverage on shares of TransDigm Group in a report on Friday, September 28th. They issued a “buy” rating and a $420.00 target price for the company. UBS Group assumed coverage on shares of TransDigm Group in a report on Wednesday, August 15th. They issued a “buy” rating and a $430.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. TransDigm Group has an average rating of “Buy” and a consensus price target of $378.40.

In other TransDigm Group news, insider James Skulina sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $355.06, for a total transaction of $3,550,600.00. Following the completion of the sale, the insider now directly owns 14,000 shares in the company, valued at $4,970,840. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $350.27, for a total transaction of $4,168,213.00. Following the sale, the director now owns 25,112 shares of the company’s stock, valued at $8,795,980.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,700 shares of company stock valued at $15,998,357. 10.52% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of TransDigm Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 2,830,439 shares of the aerospace company’s stock worth $868,776,000 after purchasing an additional 21,036 shares in the last quarter. FMR LLC lifted its position in shares of TransDigm Group by 36.4% during the second quarter. FMR LLC now owns 1,413,320 shares of the aerospace company’s stock worth $487,794,000 after purchasing an additional 376,984 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of TransDigm Group by 25,276.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 840,475 shares of the aerospace company’s stock worth $2,692,000 after purchasing an additional 837,163 shares in the last quarter. Meritage Group LP lifted its position in shares of TransDigm Group by 0.6% during the second quarter. Meritage Group LP now owns 541,540 shares of the aerospace company’s stock worth $186,907,000 after purchasing an additional 3,002 shares in the last quarter. Finally, Allen Investment Management LLC lifted its position in shares of TransDigm Group by 0.9% during the third quarter. Allen Investment Management LLC now owns 430,013 shares of the aerospace company’s stock worth $160,094,000 after purchasing an additional 3,789 shares in the last quarter.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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Earnings History for TransDigm Group (NYSE:TDG)

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