Wall Street brokerages expect TransDigm Group Incorporated (NYSE:TDG) to post earnings per share of $4.24 for the current quarter, Zacks Investment Research reports. Four analysts have made 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 posted earnings per share of $3.48 in the same quarter last year, which would suggest a positive year over year growth rate of 21.8%. The company is scheduled to report its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that TransDigm Group will report full year earnings of $17.64 per share for the current financial year, with EPS estimates ranging from $17.45 to $17.85. For the next year, analysts anticipate that the firm will report earnings of $16.54 per share, with EPS estimates ranging from $15.63 to $17.00. Zacks’ EPS calculations are an average based on a survey of research firms 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 Zacks’ consensus estimate of $4.07 by ($0.06). TransDigm Group had a negative return on equity of 29.79% and a net margin of 20.68%. The business had revenue of $980.70 million for the quarter, compared to analyst estimates of $995.06 million. During the same quarter in the prior year, the company earned $3.30 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a research note on Friday, August 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $375.00 target price on shares of TransDigm Group in a research note on Tuesday, August 7th. Zacks Investment Research downgraded shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Morgan Stanley raised their target price on shares of TransDigm Group from $341.00 to $372.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. Finally, ValuEngine upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $365.00.

In related news, insider James Skulina sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $355.06, for a total value of $3,550,600.00. Following the transaction, the insider now directly owns 14,000 shares of the company’s stock, valued at $4,970,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $361.06, for a total transaction of $4,296,614.00. Following the completion of the transaction, the director now directly owns 25,112 shares in the company, valued at $9,066,938.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,800 shares of company stock worth $13,711,227. Insiders own 10.52% of the company’s stock.

A number of large investors have recently made changes to their positions in TDG. Smithfield Trust Co. boosted its position in TransDigm Group by 800.0% in the second quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock valued at $108,000 after buying an additional 280 shares in the last quarter. Fort L.P. acquired a new stake in TransDigm Group in the second quarter valued at approximately $123,000. Piedmont Investment Advisors LLC acquired a new stake in TransDigm Group in the second quarter valued at approximately $190,000. JMG Financial Group Ltd. acquired a new stake in TransDigm Group in the second quarter valued at approximately $203,000. Finally, BB&T Securities LLC acquired a new stake in TransDigm Group in the second quarter valued at approximately $204,000.

Shares of NYSE:TDG opened at $358.36 on Tuesday. TransDigm Group has a 52-week low of $252.01 and a 52-week high of $377.67. The stock 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. The company has a debt-to-equity ratio of -5.96, a current ratio of 4.14 and a quick ratio of 3.15.

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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