Zacks: Analysts Expect TransDigm Group Incorporated (TDG) to Post $2.81 Earnings Per Share

Wall Street brokerages expect that TransDigm Group Incorporated (NYSE:TDG) will post $2.81 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for TransDigm Group’s earnings, with the lowest EPS estimate coming in at $2.60 and the highest estimate coming in at $3.36. TransDigm Group posted earnings of $2.57 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that TransDigm Group will report full year earnings of $13.30 per share for the current fiscal year, with EPS estimates ranging from $13.10 to $13.53. For the next financial year, analysts forecast that the business will report earnings of $14.74 per share, with EPS estimates ranging from $13.35 to $15.37. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover TransDigm Group.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. During the same quarter in the prior year, the company earned $3.29 EPS. The company’s revenue was up 5.6% compared to the same quarter last year.

Several research firms recently commented on TDG. Jefferies Group reiterated a “hold” rating and set a $285.00 price objective on shares of TransDigm Group in a research note on Monday, January 8th. SunTrust Banks reiterated a “buy” rating and set a $300.00 price objective on shares of TransDigm Group in a research note on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and set a $300.00 price objective on shares of TransDigm Group in a research note on Thursday, October 12th. Wolfe Research upgraded shares of TransDigm Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $330.00 price objective on shares of TransDigm Group in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. TransDigm Group has a consensus rating of “Buy” and a consensus price target of $297.17.

TransDigm Group (TDG) traded up $4.99 during midday trading on Friday, hitting $292.50. 392,970 shares of the company traded hands, compared to its average volume of 340,543. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.61 and a current ratio of 2.45. The company has a market cap of $14,938.93, a price-to-earnings ratio of 36.93, a PEG ratio of 2.42 and a beta of 0.50. TransDigm Group has a 1 year low of $203.72 and a 1 year high of $295.00.

In other TransDigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $277.48, for a total transaction of $1,664,880.00. Following the transaction, the director now owns 75,818 shares in the company, valued at approximately $21,037,978.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,648 shares of company stock worth $26,439,672 in the last 90 days. 10.52% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in TransDigm Group by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 14 shares in the last quarter. Profund Advisors LLC increased its stake in TransDigm Group by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after purchasing an additional 15 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in TransDigm Group by 1.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after purchasing an additional 20 shares in the last quarter. Sentry Investment Management LLC increased its stake in TransDigm Group by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock valued at $990,000 after purchasing an additional 40 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of TransDigm Group by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 7,987 shares of the aerospace company’s stock valued at $2,147,000 after acquiring an additional 66 shares during the last quarter.

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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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