$947.46 Million in Sales Expected for TransDigm Group Incorporated (TDG) This Quarter
Equities analysts expect TransDigm Group Incorporated (NYSE:TDG) to announce $947.46 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for TransDigm Group’s earnings, with the highest sales estimate coming in at $997.00 million and the lowest estimate coming in at $889.00 million. TransDigm Group reported sales of $847.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 5th.
On average, analysts expect that TransDigm Group will report full-year sales of $4.17 billion for the current financial year, with estimates ranging from $4.13 billion to $4.22 billion. For the next year, analysts expect that the firm will report sales of $4.38 billion, with estimates ranging from $4.34 billion to $4.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow TransDigm Group.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.39. TransDigm Group had a net margin of 23.64% and a negative return on equity of 35.67%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $3.48 EPS. TransDigm Group’s revenue was up 18.5% compared to the same quarter last year.
Shares of TransDigm Group stock traded down $5.96 on Monday, hitting $347.85. The company’s stock had a trading volume of 661,953 shares, compared to its average volume of 430,094. TransDigm Group has a 52-week low of $265.29 and a 52-week high of $377.67. The firm has a market capitalization of $18.66 billion, a PE ratio of 20.52, a P/E/G ratio of 1.56 and a beta of 0.89.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $326.65, for a total value of $3,887,135.00. Following the completion of the sale, the director now directly owns 25,193 shares in the company, valued at $8,229,293.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $3,550,600.00. Following the completion of the sale, the insider now owns 14,000 shares of the company’s stock, valued at $4,970,840. The disclosure for this sale can be found here. Insiders have sold 48,800 shares of company stock worth $17,012,044 in the last ninety days. 10.52% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TDG. BNP Paribas Arbitrage SA lifted its holdings in TransDigm Group by 43.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,617 shares of the aerospace company’s stock worth $4,009,000 after purchasing an additional 3,540 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of TransDigm Group during the 2nd quarter valued at $406,000. Piedmont Investment Advisors LLC acquired a new position in TransDigm Group during the 2nd quarter worth about $190,000. Massachusetts Financial Services Co. MA lifted its holdings in TransDigm Group by 3.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 24,897 shares of the aerospace company’s stock worth $8,593,000 after buying an additional 814 shares during the period. Finally, Aperio Group LLC lifted its holdings in TransDigm Group by 4.1% during the 2nd quarter. Aperio Group LLC now owns 26,389 shares of the aerospace company’s stock worth $9,108,000 after buying an additional 1,049 shares during the period.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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