TransDigm Group (TDG) to Release Earnings on Tuesday

TransDigm Group (NYSE:TDGGet Rating) will be releasing its earnings data before the market opens on Tuesday, May 10th. Analysts expect TransDigm Group to post earnings of $3.31 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

TransDigm Group (NYSE:TDGGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The aerospace company reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.04). TransDigm Group had a negative return on equity of 23.98% and a net margin of 16.23%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect TransDigm Group to post $14 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Shares of NYSE:TDG traded up $0.53 during trading on Tuesday, reaching $603.41. The stock had a trading volume of 718 shares, compared to its average volume of 236,286. TransDigm Group has a 52 week low of $552.72 and a 52 week high of $688.03. The business’s 50-day moving average price is $643.75 and its 200 day moving average price is $633.86. The stock has a market capitalization of $33.47 billion, a PE ratio of 46.79, a P/E/G ratio of 1.96 and a beta of 1.43.

In related news, Director Raymond F. Laubenthal sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total value of $3,350,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 11,500 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $646.42, for a total transaction of $7,433,830.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock valued at $25,324,315 in the last quarter. Corporate insiders own 9.13% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDG. Horizon Investments LLC increased its holdings in TransDigm Group by 7.6% during the 4th quarter. Horizon Investments LLC now owns 384 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 27 shares in the last quarter. Toroso Investments LLC increased its holdings in TransDigm Group by 20.6% during the 4th quarter. Toroso Investments LLC now owns 545 shares of the aerospace company’s stock worth $347,000 after purchasing an additional 93 shares in the last quarter. JustInvest LLC increased its holdings in TransDigm Group by 21.6% during the 4th quarter. JustInvest LLC now owns 868 shares of the aerospace company’s stock worth $552,000 after purchasing an additional 154 shares in the last quarter. Allstate Corp increased its holdings in TransDigm Group by 17.8% during the 4th quarter. Allstate Corp now owns 1,343 shares of the aerospace company’s stock worth $855,000 after purchasing an additional 203 shares in the last quarter. Finally, Forum Financial Management LP bought a new position in TransDigm Group during the 4th quarter worth about $200,000. Institutional investors and hedge funds own 99.33% of the company’s stock.

A number of research analysts have recently issued reports on TDG shares. Truist Financial upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $600.00 to $786.00 in a research note on Friday, January 7th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Morgan Stanley lifted their target price on shares of TransDigm Group from $762.00 to $801.00 and gave the company an “overweight” rating in a research note on Wednesday, February 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Buy” and an average price target of $721.94.

TransDigm Group Company Profile (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.

See Also

Earnings History for TransDigm Group (NYSE:TDG)

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