TransDigm Group (TDG) Scheduled to Post Earnings on Tuesday

TransDigm Group (NYSE:TDG) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect TransDigm Group to post earnings of $6.80 per share for the quarter. TransDigm Group has set its FY24 guidance at $29.97-$31.72 EPS and its FY 2024 guidance at 29.970-31.730 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the company posted $4.15 EPS. On average, analysts expect TransDigm Group to post $29 EPS for the current fiscal year and $35 EPS for the next fiscal year.

TransDigm Group Stock Performance

TDG opened at $1,293.80 on Monday. The firm’s fifty day moving average is $1,212.23 and its two-hundred day moving average is $1,077.11. The firm has a market cap of $71.94 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. TransDigm Group has a twelve month low of $750.86 and a twelve month high of $1,303.49.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

TDG has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Royal Bank of Canada upped their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a report on Friday, February 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Truist Financial upped their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Citigroup increased their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,170.27.

About TransDigm Group

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