TDG Stock Recent News

CLEVELAND , May 28, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), today announced it has entered into a definitive agreement to acquire Raptor Labs Holdco, LLC ("Raptor Scientific" or "the Company"), a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits. Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

CLEVELAND, May 22, 2024 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), today announced that it has completed the acquisition of SEI Industries LTD ("SEI" or "the Company"). SEI Industries, headquartered in Delta, British Columbia, is a leading provider of highly engineered products for aerial firefighting and other liquid transportation solutions, such as remote refueling.

Does TransDigm Group (TDG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how TransDigm Group (TDG) and VirTra, Inc. (VTSI) have performed compared to their sector so far this year.

Although the revenue and EPS for TransDigm (TDG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

TransDigm Group Incorporated (NYSE:TDG ) Q2 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Jaimie Stemen - Director, IR Kevin Stein - President & CEO Mike Lisman - Co-COO Sarah Wynne - CFO Joel Reiss - Co-COO Conference Call Participants Myles Walton - Wolfe Research Scott Mikus - Melius Research Ken Herbert - RBC Capital Markets Josh Corn - Barclays Scott Deuschle - Deutsche Bank Gautam Khanna - TD Cowen Peter Arment - Baird Robert Stallard - Vertical Research Noah Poponak - Goldman Sachs Sheila Kahyaoglu - Jefferies Kristine Liwag - Morgan Stanley Michael Leshock - KeyBanc Pete Osterland - Truist Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to TransDigm Group Incorporated Second Quarter 2024 Earnings Conference Call.

TransDigm's (TDG) net sales of $1.92 billion increases 20.5% from the prior-year period's level. The reported figure also beat the Zacks Consensus Estimate by 1.8%.

TransDigm Group (TDG) came out with quarterly earnings of $7.99 per share, beating the Zacks Consensus Estimate of $7.37 per share. This compares to earnings of $5.98 per share a year ago.

TransDigm kept rising ahead of Tuesday earnings. The aerospace contractor will benefit from Boeing woes as older aircraft need to stay in the air.