TransDigm designs and manufactures aircraft parts. About half of the company’s revenue comes from aftermarket sales, supporting aircraft maintenance over their service lives, while 90% of the firm’s sales are unique designs owned by TDG.
As a result of the steep decline in the fiscal second quarter, TransDigm reported 11.1% revenue growth, 15.1% organic revenue growth, and 91.3% net income growth. Bank of America analyst Ronald Epstein projects fiscal 2022 sales of $5.6 billion, up 17.4% from fiscal 2021.
In addition to growing organically, TDG is boosting its earnings per share (EPS) via stock buybacks, repurchasing $667 million worth of shares in the most recent quarter, equating to 1 million shares. TransDigm is also growing via acquisition, announcing a $360 million takeover of DART Aerospace in March.
Bank of America has a “buy” rating and $765 price target for TDG.
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