TransDigm Group Incorporated (TDG) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $3.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.28. Analysts had a consensus of $2.81. The company posted revenue of $797.70 million in the period, compared to analysts expectations of $805.85 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 EPS.
Many Wall Street Analysts have commented on TransDigm Group Incorporated. TransDigm Group Incorporated was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 29, 2016. TransDigm Group Incorporated was Initiated by Morgan Stanley to “Equal-Weight” on Jun 23, 2016. Company shares were Reiterated by Barclays on Jun 22, 2016 to “Overweight”, Firm has raised the Price Target to $ 300 from a previous price target of $285 .
TransDigm Group Incorporated closed down -1.57 points or -0.56% at $279.04 with 6,31,183 shares getting traded on Monday. Post opening the session at $281.64, the shares hit an intraday low of $276.83 and an intraday high of $281.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 1, 2016, Bernt G Ii Iversen (Executive Vice President) sold 10,000 shares at $278.86 per share price. According to the SEC, on Jun 14, 2016, John F Leary (Executive Vice President) sold 20,740 shares at $260.55 per share price. On Jun 9, 2016, W Nicholas Howley (Chief Executive Officer) sold 100,000 shares at $265.42 per share price, according to the Form-4 filing with the securities and exchange commission.
TransDigm Group Incorporated (TransDigm) is a designer producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control Airframe and Non-aviation. Its 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. Its Airframe segment includes operations that primarily develop produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls ignition systems and engine technology and power conditioning devices.