Analysts Anticipate TransDigm Group Incorporated (NYSE:TDG) to Announce $3.64 EPS
Analysts expect TransDigm Group Incorporated (NYSE:TDG) to report earnings per share of $3.64 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TransDigm Group’s earnings, with estimates ranging from $3.39 to $3.75. TransDigm Group reported earnings per share of $3.02 during the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The company is expected to report its next earnings results on Tuesday, May 8th.
On average, analysts expect that TransDigm Group will report full-year earnings of $17.32 per share for the current financial year, with EPS estimates ranging from $17.00 to $17.81. For the next year, analysts expect that the company will post earnings of $16.15 per share, with EPS estimates ranging from $15.68 to $16.75. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for TransDigm Group.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.21). TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The business had revenue of $847.96 million during the quarter, compared to the consensus estimate of $860.12 million. During the same period last year, the business posted $2.57 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis.
In related news, insider Roger Jones sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $301.70, for a total transaction of $1,508,500.00. Following the completion of the sale, the insider now owns 9,000 shares in the company, valued at $2,715,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the sale, the director now owns 81,718 shares of the company’s stock, valued at approximately $24,177,904.66. The disclosure for this sale can be found here. Insiders have sold 65,644 shares of company stock valued at $19,304,711 in the last 90 days. 11.45% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in TransDigm Group by 1.2% during the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock worth $1,141,491,000 after buying an additional 48,978 shares during the last quarter. Capital International Investors increased its stake in shares of TransDigm Group by 3.5% in the third quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock worth $352,630,000 after buying an additional 46,753 shares during the period. Windacre Partnership LLC increased its stake in shares of TransDigm Group by 14.5% in the fourth quarter. Windacre Partnership LLC now owns 885,200 shares of the aerospace company’s stock worth $243,094,000 after buying an additional 112,100 shares during the period. Viking Global Investors LP purchased a new position in shares of TransDigm Group in the fourth quarter worth $157,994,000. Finally, Geode Capital Management LLC increased its stake in shares of TransDigm Group by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 491,939 shares of the aerospace company’s stock worth $134,797,000 after buying an additional 15,020 shares during the period.
TransDigm Group stock traded down $6.61 during trading on Thursday, hitting $302.73. 597,598 shares of the company’s stock were exchanged, compared to its average volume of 541,229. TransDigm Group has a 12-month low of $203.72 and a 12-month high of $321.38. The company has a market capitalization of $16,083.77, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.
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About TransDigm Group
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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