TransDigm Group (TDG) Scheduled to Post Earnings on Tuesday

TransDigm Group (NYSE:TDG) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce 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 that wish to register for the company’s earnings conference call can do so using this link.

TransDigm Group (NYSE:TDG) last released its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the company earned $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 Price Performance

NYSE:TDG traded down $6.73 during trading hours on Tuesday, reaching $1,251.99. 95,980 shares of the company were exchanged, compared to its average volume of 204,735. The firm has a market cap of $69.62 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 2.56 and a beta of 1.42. The stock has a 50 day simple moving average of $1,205.25 and a 200 day simple moving average of $1,065.56. TransDigm Group has a 52-week low of $750.86 and a 52-week high of $1,269.51.

Insider Transactions at TransDigm Group

In related news, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the transaction, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group raised their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Truist Financial raised their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.