TransDigm Group Incorporated Expected to Earn Q1 2021 Earnings of $1.47 Per Share (NYSE:TDG)


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TransDigm Group Incorporated (NYSE:TDG) – Analysts at Truist Securiti lowered their Q1 2021 EPS estimates for shares of TransDigm Group in a research note issued on Monday, January 11th. Truist Securiti analyst M. Ciarmoli now expects that the aerospace company will earn $1.47 per share for the quarter, down from their prior estimate of $1.50. Truist Securiti also issued estimates for TransDigm Group’s Q3 2021 earnings at $2.73 EPS, Q4 2021 earnings at $3.44 EPS and FY2022 earnings at $15.69 EPS.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, November 12th. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.94. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.09 billion. TransDigm Group had a negative return on equity of 25.74% and a net margin of 14.24%. The business’s revenue for the quarter was down 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.62 earnings per share.

A number of other analysts have also recently issued reports on TDG. UBS Group raised their target price on TransDigm Group from $645.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, November 25th. Credit Suisse Group raised their target price on TransDigm Group from $615.00 to $647.00 and gave the company an “outperform” rating in a report on Wednesday, November 25th. Truist raised their target price on TransDigm Group from $375.00 to $465.00 in a report on Friday, November 13th. Canaccord Genuity raised their target price on TransDigm Group from $500.00 to $630.00 and gave the company a “buy” rating in a report on Wednesday, November 11th. Finally, Robert W. Baird upgraded TransDigm Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $484.00 to $668.00 in a research note on Monday, November 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $563.63.

TDG opened at $611.01 on Tuesday. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 12.56 and a beta of 1.50. TransDigm Group has a 1 year low of $200.06 and a 1 year high of $673.51. The stock has a fifty day moving average price of $604.87 and a 200 day moving average price of $514.81.

In other news, Chairman W Nicholas Howley sold 7,474 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $559.76, for a total transaction of $4,183,646.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert S. Henderson sold 17,500 shares of the business’s stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $599.93, for a total transaction of $10,498,775.00. The disclosure for this sale can be found here. Insiders have sold 86,600 shares of company stock valued at $51,748,302 in the last three months. 8.17% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC lifted its stake in shares of TransDigm Group by 50.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 57 shares of the aerospace company’s stock valued at $27,000 after buying an additional 19 shares in the last quarter. CX Institutional lifted its position in shares of TransDigm Group by 64.1% in the 4th quarter. CX Institutional now owns 64 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 25 shares during the period. Marshall Wace LLP purchased a new stake in shares of TransDigm Group in the 1st quarter worth about $47,000. Cerebellum GP LLC purchased a new stake in shares of TransDigm Group in the 3rd quarter worth about $62,000. Finally, Pinnacle Bank increased its stake in shares of TransDigm Group by 20.0% in the 3rd quarter. Pinnacle Bank now owns 132 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

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