TransDigm Group Inc. (TDG) Releases FY17 Earnings Guidance

TransDigm Group Inc. (TDG) Releases FY17 Earnings Guidance

TransDigm Group Inc. (NYSE:TDG) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $11.84-12.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.78. The company issued revenue guidance of $3.515-3.565 billion, compared to the consensus revenue estimate of $3.57 billion.

Shares of TransDigm Group Inc. (NYSE:TDG) opened at 272.29 on Monday. The company’s 50-day moving average is $276.85 and its 200-day moving average is $269.51. The stock has a market cap of $14.50 billion, a P/E ratio of 28.80 and a beta of 0.61. TransDigm Group Inc. has a 1-year low of $180.76 and a 1-year high of $294.38.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.09. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The company had revenue of $875.20 million for the quarter, compared to the consensus estimate of $884.26 million. During the same quarter in the prior year, the company earned $2.83 EPS. TransDigm Group’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect that TransDigm Group Inc. will post $11.41 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 24th were paid a dividend of $24.00 per share. The ex-dividend date was Thursday, October 20th.

TDG has been the topic of a number of analyst reports. Jefferies Group set a $340.00 price objective on shares of TransDigm Group and gave the stock a buy rating in a research note on Tuesday, October 4th. Vertical Research initiated coverage on shares of TransDigm Group in a research note on Friday, October 28th. They set a buy rating on the stock. Zacks Investment Research cut shares of TransDigm Group from a hold rating to a sell rating in a research note on Tuesday, October 4th. Wolfe Research reaffirmed a market perform rating on shares of TransDigm Group in a research note on Friday, October 7th. Finally, Vertical Group reaffirmed a sell rating and set a $22.00 price objective on shares of TransDigm Group in a research note on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $266.00.

In related news, VP Robert S. Henderson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $271.09, for a total value of $2,710,900.00. Following the sale, the vice president now directly owns 20,000 shares in the company, valued at approximately $5,421,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Roger Jones sold 7,500 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the completion of the sale, the insider now owns 11,500 shares in the company, valued at $3,288,080. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of TDG. Employees Retirement System of Texas bought a new stake in shares of TransDigm Group during the second quarter valued at about $791,000. HighTower Advisors LLC bought a new stake in shares of TransDigm Group during the second quarter valued at about $396,000. Tredje AP fonden bought a new stake in shares of TransDigm Group during the second quarter valued at about $393,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of TransDigm Group by 30.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 9,860 shares of the company’s stock valued at $2,600,000 after buying an additional 2,300 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of TransDigm Group during the second quarter valued at about $969,000.

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