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

Posted by Defense World Staff on May 8th, 2023

TransDigm Group (NYSE:TDG – Get Rating) is set to announce its earnings results before the market opens on Tuesday, May 9th. Analysts expect the company to announce earnings of $4.98 per share for the quarter. TransDigm Group has set its FY23 guidance at $21.47-22.87 EPS and its FY 2023 guidance at $21.47-$22.87 EPS.Investors interested in participating in the company’s conference call can do so using this link.

TransDigm Group (NYSE:TDG – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The aerospace company reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.47. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. TransDigm Group had a net margin of 16.53% and a negative return on equity of 30.59%. On average, analysts expect TransDigm Group to post $21 EPS for the current fiscal year and $24 EPS for the next fiscal year.

TransDigm Group Stock Performance

TransDigm Group stock opened at $767.19 on Monday. The firm has a market cap of $41.89 billion, a PE ratio of 51.87, a P/E/G ratio of 2.03 and a beta of 1.37. The firm’s 50 day moving average price is $740.50 and its two-hundred day moving average price is $680.21. TransDigm Group has a twelve month low of $499.63 and a twelve month high of $779.45.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 6,500 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $701.38, for a total transaction of $4,558,970.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $15,113,336.24. The sale was disclosed in a filing with the SEC, which is available through this link. In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $701.38, for a total value of $4,558,970.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $15,113,336.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 147,074 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $736.22, for a total transaction of $108,278,820.28. Following the completion of the transaction, the director now owns 194,689 shares in the company, valued at $143,333,935.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,393 shares of company stock worth $196,152,841. Insiders own 7.18% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of TransDigm Group in the third quarter valued at $27,000. Resurgent Financial Advisors LLC bought a new stake in shares of TransDigm Group in the fourth quarter valued at about $30,000. Apollon Wealth Management LLC bought a new stake in shares of TransDigm Group in the fourth quarter valued at about $210,000. Axxcess Wealth Management LLC bought a new stake in TransDigm Group during the fourth quarter worth about $230,000. Finally, Vident Investment Advisory LLC bought a new stake in TransDigm Group during the fourth quarter worth about $243,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDG has been the topic of several analyst reports. Susquehanna increased their price target on shares of TransDigm Group from $665.00 to $750.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 8th. Wells Fargo & Company increased their price target on shares of TransDigm Group from $660.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Monday, February 6th. Bank of America upped their price objective on shares of TransDigm Group from $770.00 to $890.00 in a report on Tuesday, February 28th. Royal Bank of Canada upped their price objective on shares of TransDigm Group from $750.00 to $800.00 in a report on Wednesday, February 8th. Finally, Morgan Stanley upped their price objective on shares of TransDigm Group from $765.00 to $793.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $764.31.

TransDigm Group Company Profile

(Get Rating)

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.