TransDigm Group (NYSE:TDG) Releases FY24 Earnings Guidance

TransDigm Group (NYSE:TDG) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $31.75-$33.09 for the period, compared to the consensus estimate of $31.73. The company issued revenue guidance of $7.680-$7.800 billion, compared to the consensus revenue estimate of $7.72 billion.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a neutral rating in a report on Wednesday. StockNews.com upgraded shares of TransDigm Group from a hold rating to a buy rating in a research note on Tuesday, April 9th. Truist Financial upped their price objective on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a buy rating in a research note on Wednesday. Royal Bank of Canada raised their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an overweight rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $1,311.81.

TransDigm Group Stock Up 0.3 %

Shares of TDG stock opened at $1,318.86 on Friday. The company has a market capitalization of $73.34 billion, a P/E ratio of 55.98, a P/E/G ratio of 2.63 and a beta of 1.40. TransDigm Group has a 12-month low of $768.05 and a 12-month high of $1,330.38. The firm has a 50-day moving average price of $1,222.89 and a 200 day moving average price of $1,087.09.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $5.39 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, research analysts expect that TransDigm Group will post 29.08 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group 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 sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s 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 sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 11 shares of company stock valued at $5,950 and have sold 59,088 shares valued at $69,841,110. Insiders own 4.96% of the company’s stock.

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.