TransDigm Group Incorporated (NYSE:TDG) Expected to Earn Q3 2024 Earnings of $7.43 Per Share

TransDigm Group Incorporated (NYSE:TDG - Free Report) - Equities research analysts at William Blair upped their Q3 2024 earnings per share estimates for TransDigm Group in a research note issued on Wednesday, June 26th. William Blair analyst L. Dipalma now anticipates that the aerospace company will post earnings per share of $7.43 for the quarter, up from their previous forecast of $7.36. The consensus estimate for TransDigm Group's current full-year earnings is $29.99 per share. William Blair also issued estimates for TransDigm Group's FY2024 earnings at $29.37 EPS.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $5.39 earnings per share. The business's revenue was up 20.5% compared to the same quarter last year.

TDG has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Thursday. KeyCorp lifted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 28th. Robert W. Baird lifted their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 8th. Finally, Truist Financial lifted their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,410.13.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded down $11.04 during trading on Friday, reaching $1,277.61. The company's stock had a trading volume of 1,175,930 shares, compared to its average volume of 222,366. The business's fifty day moving average price is $1,300.46 and its 200-day moving average price is $1,181.65. The firm has a market cap of $71.49 billion, a price-to-earnings ratio of 50.88, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39. TransDigm Group has a one year low of $802.46 and a one year high of $1,369.57.

Institutional Trading of TransDigm Group

Several institutional investors and hedge funds have recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group in the 4th quarter valued at $26,000. ORG Partners LLC bought a new stake in shares of TransDigm Group in the 1st quarter valued at $30,000. VisionPoint Advisory Group LLC bought a new stake in shares of TransDigm Group in the 4th quarter valued at $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its position in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company's stock valued at $38,000 after buying an additional 12 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on 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 owns 3,600 shares of the company's stock, valued at approximately $4,439,160. The disclosure for this sale can be found here. Insiders have sold 100,833 shares of company stock valued at $131,249,183 in the last three months. 4.96% of the stock is owned by corporate insiders.

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.