TransDigm Group (TDG) to Release Quarterly Earnings on Thursday

TransDigm Group (NYSE:TDG - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect TransDigm Group to post 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 - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $6.55 EPS. The firm's quarterly revenue was up 17.3% on a year-over-year basis. 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 Stock Performance

Shares of NYSE TDG traded down $28.23 during midday trading on Thursday, reaching $1,301.40. 268,438 shares of the company's stock were exchanged, compared to its average volume of 214,767. TransDigm Group has a 52-week low of $817.62 and a 52-week high of $1,451.32. The business's fifty day moving average price is $1,368.33 and its two-hundred day moving average price is $1,310.91. The stock has a market capitalization of $73.02 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $75.00 dividend. This is a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock valued at $35,823,485 over the last 90 days. 4.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Susquehanna upped their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. Northcoast Research began coverage on TransDigm Group in a research note on Thursday, August 1st. They set a "neutral" rating on the stock. Finally, Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,451.94.

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.