$3.69 Earnings Per Share Expected for TransDigm Group Incorporated (NYSE:TDG) This Quarter

Wall Street analysts forecast that TransDigm Group Incorporated (NYSE:TDG) will report $3.69 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for TransDigm Group’s earnings, with the lowest EPS estimate coming in at $3.47 and the highest estimate coming in at $3.92. TransDigm Group reported earnings per share of $2.89 in the same quarter last year, which indicates a positive year over year growth rate of 27.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 11th.

According to Zacks, analysts expect that TransDigm Group will report full year earnings of $11.56 per share for the current financial year, with EPS estimates ranging from $11.35 to $11.80. For the next fiscal year, analysts expect that the company will report earnings of $16.98 per share, with EPS estimates ranging from $16.27 to $17.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for TransDigm Group.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 10th. The aerospace company reported $3.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.97 by $0.36. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. TransDigm Group had a negative return on equity of 16.90% and a net margin of 11.78%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS.

TDG has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on TransDigm Group in a report on Friday, September 10th. They set a “buy” rating and a $732.00 price objective for the company. Zacks Investment Research cut TransDigm Group from a “hold” rating to a “strong sell” rating and set a $555.00 price objective for the company. in a report on Monday, October 4th. Credit Suisse Group boosted their target price on TransDigm Group from $660.00 to $712.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Morgan Stanley began coverage on TransDigm Group in a research report on Monday, September 13th. They set an “overweight” rating and a $762.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating and set a $750.00 target price on shares of TransDigm Group in a research report on Wednesday, September 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Buy” and an average target price of $676.88.

In other news, CFO Michael Lisman purchased 850 shares of TransDigm Group stock in a transaction on Tuesday, September 7th. The stock was purchased at an average price of $591.19 per share, with a total value of $502,511.50. Following the transaction, the chief financial officer now directly owns 2,059 shares in the company, valued at approximately $1,217,260.21. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $643.99, for a total value of $6,439,900.00. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock valued at $20,352,485 over the last quarter. 9.13% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in TDG. Marshall Wace LLP acquired a new position in TransDigm Group during the 1st quarter worth approximately $47,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of TransDigm Group by 7.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 469 shares of the aerospace company’s stock worth $276,000 after purchasing an additional 31 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of TransDigm Group by 22.5% during the 1st quarter. Teacher Retirement System of Texas now owns 5,737 shares of the aerospace company’s stock worth $3,373,000 after purchasing an additional 1,054 shares in the last quarter. UBS Group AG raised its stake in shares of TransDigm Group by 1.2% during the 1st quarter. UBS Group AG now owns 28,058 shares of the aerospace company’s stock worth $16,497,000 after purchasing an additional 324 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of TransDigm Group by 13.2% during the 1st quarter. Panagora Asset Management Inc. now owns 1,426 shares of the aerospace company’s stock worth $838,000 after purchasing an additional 166 shares in the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TDG opened at $631.99 on Monday. The stock has a market capitalization of $34.83 billion, a P/E ratio of 76.79, a P/E/G ratio of 4.41 and a beta of 1.61. TransDigm Group has a 1-year low of $453.76 and a 1-year high of $688.03. The business has a 50-day moving average price of $617.90 and a two-hundred day moving average price of $626.17.

About TransDigm Group

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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