TransDigm Group (TDG) to Release Earnings on Thursday

TransDigm Group (NYSE:TDG) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $8.64 per share for the quarter. TransDigm Group has set its FY24 guidance at $32.62-33.42 EPS and its FY 2024 guidance at 32.620-33.420 EPS.Investors interested in registering for the company’s conference call can do so using this link.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.55 EPS. On average, analysts expect TransDigm Group to post $31 EPS for the current fiscal year and $37 EPS for the next fiscal year.

TransDigm Group Trading Down 0.4 %

Shares of TDG opened at $1,330.51 on Thursday. The company has a market capitalization of $74.66 billion, a PE ratio of 49.22, a PEG ratio of 1.84 and a beta of 1.43. TransDigm Group has a 12 month low of $817.62 and a 12 month high of $1,451.32. The stock’s 50-day moving average price is $1,368.33 and its two-hundred day moving average price is $1,310.91.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Analysts Set New Price Targets

Several research analysts have commented on TDG shares. Jefferies Financial Group cut their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Wells Fargo & Company dropped their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,451.94.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,944 shares of company stock valued at $35,823,485. Corporate insiders own 4.96% of the company’s stock.

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.