TransDigm Group Incorporated (TDG) Expected to Announce Earnings of $4.24 Per Share

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Brokerages forecast that TransDigm Group Incorporated (NYSE:TDG) will report $4.24 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for TransDigm Group’s earnings, with the lowest EPS estimate coming in at $4.07 and the highest estimate coming in at $4.38. TransDigm Group reported earnings of $3.48 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The business is expected to issue its next earnings report on Thursday, November 8th.

On average, analysts expect that TransDigm Group will report full year earnings of $17.64 per share for the current fiscal year, with EPS estimates ranging from $17.45 to $17.85. For the next year, analysts expect that the company will post earnings of $16.54 per share, with EPS estimates ranging from $15.63 to $17.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TransDigm Group.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 7th. The aerospace company reported $4.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.07 by ($0.06). TransDigm Group had a net margin of 20.68% and a negative return on equity of 29.79%. The firm had revenue of $980.70 million during the quarter, compared to analyst estimates of $995.06 million. During the same period in the prior year, the company posted $3.30 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year.

Several research firms recently commented on TDG. UBS Group started coverage on TransDigm Group in a research note on Wednesday, August 15th. They issued a “buy” rating and a $430.00 price objective for the company. JPMorgan Chase & Co. upped their target price on TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a report on Friday, August 10th. Credit Suisse Group upped their target price on TransDigm Group from $400.00 to $408.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Jefferies Financial Group restated a “hold” rating and issued a $375.00 target price on shares of TransDigm Group in a report on Tuesday, August 7th. Finally, Cowen restated a “buy” rating on shares of TransDigm Group in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. TransDigm Group currently has an average rating of “Buy” and an average price target of $365.00.

NYSE TDG opened at $358.36 on Tuesday. TransDigm Group has a one year low of $252.01 and a one year high of $377.67. The company has a debt-to-equity ratio of -5.96, a current ratio of 4.14 and a quick ratio of 3.15. The firm has a market capitalization of $18.71 billion, a P/E ratio of 29.84, a PEG ratio of 1.85 and a beta of 0.76.

In related news, insider James Skulina sold 10,000 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $355.06, for a total transaction of $3,550,600.00. Following the transaction, the insider now owns 14,000 shares of the company’s stock, valued at approximately $4,970,840. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $361.06, for a total value of $4,296,614.00. Following the transaction, the director now directly owns 25,112 shares in the company, valued at approximately $9,066,938.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,800 shares of company stock valued at $13,711,227. Company insiders own 10.52% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its stake in TransDigm Group by 9.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 2,130 shares of the aerospace company’s stock worth $654,000 after acquiring an additional 180 shares in the last quarter. CIBC Asset Management Inc raised its position in TransDigm Group by 3.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,994 shares of the aerospace company’s stock valued at $1,724,000 after purchasing an additional 186 shares in the last quarter. Gulf International Bank UK Ltd raised its position in TransDigm Group by 1.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 16,285 shares of the aerospace company’s stock valued at $4,998,000 after purchasing an additional 236 shares in the last quarter. IFM Investors Pty Ltd raised its position in TransDigm Group by 15.7% in the 1st quarter. IFM Investors Pty Ltd now owns 1,772 shares of the aerospace company’s stock valued at $544,000 after purchasing an additional 241 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its position in TransDigm Group by 11.6% in the 1st quarter. First Republic Investment Management Inc. now owns 2,588 shares of the aerospace company’s stock valued at $795,000 after purchasing an additional 270 shares in the last quarter.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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