TransDigm Group (NYSE:TDG) updated its FY20 earnings guidance on Tuesday. The company provided EPS guidance of $19.80-21.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $21.20. The company issued revenue guidance of $6.175-6.325 billion, compared to the consensus revenue estimate of $6.34 billion.

A number of research analysts have issued reports on the company. ValuEngine lowered TransDigm Group from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Cowen reaffirmed a buy rating and set a $590.00 price target on shares of TransDigm Group in a report on Tuesday. SunTrust Banks increased their price target on TransDigm Group from $560.00 to $590.00 and gave the stock a buy rating in a report on Wednesday. Berenberg Bank reissued a buy rating and issued a $600.00 target price on shares of TransDigm Group in a report on Monday. Finally, Jefferies Financial Group raised their target price on TransDigm Group from $480.00 to $550.00 and gave the company a hold rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $579.64.

Shares of TDG stock opened at $575.00 on Thursday. TransDigm Group has a 12 month low of $311.46 and a 12 month high of $581.07. The stock has a market cap of $29.88 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a 50 day simple moving average of $530.60 and a two-hundred day simple moving average of $504.07.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.85 by $0.77. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.61 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. TransDigm Group’s quarterly revenue was up 46.9% on a year-over-year basis. During the same period last year, the company posted $4.44 earnings per share. On average, sell-side analysts predict that TransDigm Group will post 16.92 earnings per share for the current year.

In other TransDigm Group news, EVP Bernt G. Iversen II sold 8,333 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $526.56, for a total transaction of $4,387,824.48. Following the completion of the transaction, the executive vice president now owns 12,643 shares in the company, valued at $6,657,298.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Skulina sold 5,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $509.52, for a total transaction of $2,547,600.00. Following the transaction, the executive vice president now owns 9,000 shares of the company’s stock, valued at approximately $4,585,680. The disclosure for this sale can be found here. Insiders have sold 110,948 shares of company stock valued at $58,667,331 in the last quarter. 11.00% of the stock is owned by company insiders.

About TransDigm Group

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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Earnings History and Estimates for TransDigm Group (NYSE:TDG)

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