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

TransDigm Group (NYSE:TDG) will release 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $4.15 earnings per share. 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 Trading Up 1.7 %

Shares of TransDigm Group stock opened at $1,293.80 on Friday. The business’s fifty day simple moving average is $1,212.23 and its 200 day simple moving average is $1,073.99. The firm has a market capitalization of $71.95 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. TransDigm Group has a 12 month low of $750.86 and a 12 month high of $1,303.49.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 over the last ninety days. 4.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TDG shares. Stifel Nicolaus boosted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. KeyCorp boosted their target price on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Barclays boosted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Susquehanna boosted their target price on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Citigroup boosted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note 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, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Company Profile

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.