TransDigm Group (TDG) Set to Announce Quarterly Earnings on Thursday

TransDigm Group (NYSE:TDG) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect TransDigm Group to post earnings of $7.10 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $1.38. TransDigm Group had a negative return on equity of 39.57% and a net margin of 18.41%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $4.36 earnings per share. The business’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts expect TransDigm Group to post $23 EPS for the current fiscal year and $28 EPS for the next fiscal year.

TransDigm Group Trading Up 0.5 %

Shares of NYSE:TDG opened at $893.53 on Wednesday. TransDigm Group has a twelve month low of $581.78 and a twelve month high of $940.00. The company has a market cap of $49.30 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. The company’s 50 day moving average is $856.97 and its 200 day moving average is $844.68.

Insider Activity

In other TransDigm Group news, CFO Sarah Wynne sold 5,420 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $883.16, for a total transaction of $4,786,727.20. Following the completion of the transaction, the chief financial officer now owns 700 shares of the company’s stock, valued at $618,212. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $853.76, for a total value of $2,561,280.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $3,073,536. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Wynne sold 5,420 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $883.16, for a total value of $4,786,727.20. Following the sale, the chief financial officer now directly owns 700 shares in the company, valued at approximately $618,212. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,442 shares of company stock valued at $33,770,866. 7.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at $27,000. Resurgent Financial Advisors LLC acquired a new stake in TransDigm Group in the fourth quarter valued at $30,000. KB Financial Partners LLC acquired a new stake in TransDigm Group in the first quarter valued at $44,000. Harbour Investments Inc. lifted its holdings in TransDigm Group by 96.3% during the 2nd quarter. Harbour Investments Inc. now owns 53 shares of the aerospace company’s stock worth $47,000 after buying an additional 26 shares during the last quarter. Finally, Castleview Partners LLC increased its holdings in shares of TransDigm Group by 236.8% in the 2nd quarter. Castleview Partners LLC now owns 64 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 45 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TDG shares. Robert W. Baird upped their price objective on TransDigm Group from $960.00 to $1,013.00 in a research report on Wednesday, August 9th. UBS Group assumed coverage on TransDigm Group in a research note on Tuesday, October 10th. They set a “neutral” rating and a $950.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TransDigm Group in a report on Wednesday, September 27th. They issued a “buy” rating and a $1,001.00 price target for the company. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, September 29th. Finally, Royal Bank of Canada lifted their price objective on TransDigm Group from $920.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $947.71.

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.