TransDigm Group (NYSE:TDG) Releases Earnings Results, Beats Estimates By $0.57 EPS

TransDigm Group (NYSE:TDG) announced its quarterly earnings results on Tuesday. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57, Briefing.com reports. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business posted $5.39 EPS. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. TransDigm Group updated its FY24 guidance to $31.75-$33.09 EPS.

TransDigm Group Stock Performance

NYSE TDG opened at $1,300.00 on Tuesday. The company has a market capitalization of $72.29 billion, a P/E ratio of 55.19, a P/E/G ratio of 2.63 and a beta of 1.40. The company has a fifty day moving average of $1,214.49 and a 200-day moving average of $1,080.42. TransDigm Group has a 52-week low of $766.00 and a 52-week high of $1,309.43.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock worth $69,840,358 over the last ninety days. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TDG. Susquehanna upped their target price on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Stifel Nicolaus upped their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Barclays raised their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Finally, KeyCorp raised their price target on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.