TransDigm Group Incorporated (NYSE:TDG) Expected to Post Earnings of $3.77 Per Share

Wall Street brokerages forecast that TransDigm Group Incorporated (NYSE:TDGGet Rating) will post earnings per share of $3.77 for the current quarter, according to Zacks. Three analysts have made estimates for TransDigm Group’s earnings. The highest EPS estimate is $4.13 and the lowest is $3.24. TransDigm Group posted earnings per share of $2.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 46.1%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that TransDigm Group will report full-year earnings of $15.95 per share for the current fiscal year, with EPS estimates ranging from $14.85 to $17.40. For the next financial year, analysts expect that the firm will report earnings of $21.90 per share, with EPS estimates ranging from $20.55 to $24.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover TransDigm Group.

TransDigm Group (NYSE:TDGGet Rating) last issued its earnings results on Tuesday, February 8th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.68 by ($0.04). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.24 billion. TransDigm Group had a net margin of 16.23% and a negative return on equity of 23.98%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.33 earnings per share.

Several equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of TransDigm Group from $762.00 to $801.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 9th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Finally, Truist Financial upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $600.00 to $786.00 in a report on Friday, January 7th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $721.94.

In other TransDigm Group news, Director W Nicholas Howley sold 11,500 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $646.42, for a total value of $7,433,830.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total value of $3,350,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock worth $25,313,045 over the last 90 days. Company insiders own 9.13% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. TFO TDC LLC bought a new stake in shares of TransDigm Group in the 4th quarter worth approximately $32,000. Duncker Streett & Co. Inc. purchased a new position in shares of TransDigm Group in the fourth quarter worth $35,000. Farmers & Merchants Investments Inc. raised its stake in shares of TransDigm Group by 51.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 56 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. TCTC Holdings LLC purchased a new stake in TransDigm Group during the third quarter valued at $37,000. Finally, Pittenger & Anderson Inc. increased its position in TransDigm Group by 132.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 58 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 33 shares during the last quarter. 97.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of TDG traded up $2.31 during mid-day trading on Friday, reaching $638.48. The company had a trading volume of 325,164 shares, compared to its average volume of 295,827. The firm has a fifty day simple moving average of $649.54 and a 200-day simple moving average of $635.26. TransDigm Group has a fifty-two week low of $552.72 and a fifty-two week high of $688.03. The stock has a market cap of $35.41 billion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45.

About TransDigm Group (Get Rating)

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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