Transdigm Group Incorporated (NYSE:TDG) aerospace/defense products and services provider, is expected to report third quarter earnings results, before market open, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.94 per share.
Looking ahead, the full year income are expected at $ 12.68 per share on the revenues of $ 4991.86 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 6,175.00 million ~ $ 6,325.00 million, where as bottomline are predicted in a range of $ 19.80 ~ $ 21.20 per share
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Previous Quarter Performance
Transdigm Group Incorporated recorded income for the second quarter of $ 5.10 per share, from the revenue of $ 1,443.00 million. The quarterly earnings grew 21.14 percent compared with the same quarter last year. According to street consensus, TDG was expected to report 2Q20 income of $ 4.36 per share from revenue of $ 1454.13 million. The bottom line results beat street analysts by $ 0.74 or 16.97 percent, at the same time, top line results fell short of analysts by $ 11.13 million or 0.77 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TDG was $ 436.01, representing a 117.94 % increase from the 52 week low of $ 200.06 and a 35.26 % decrease over the 52 week high of $ 673.51.
The company has a market capital of $ 23.58 billion and is part of the Industrials sector and Aerospace & Defense industry.
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Recent Analyst recommendations
- On 15th July 2020, downgraded by SunTrust Robinson Humphrey to Hold from Buy rating.
- On 23rd June 2020, initiated by Susquehanna Bancshares at Neutral rating, with $ 494.00 target price.
- On 11th June 2020, maintained by UBS Group at Buy rating, with $ 495.00 target price.
Conference Call
Transdigm Group Incorporated will be hosting a conference call at 11:00 AM eastern time on 4th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.transdigm.com
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.
