TransDigm Group Incorporated (TDG) Expected to Announce Quarterly Sales of $855.47 Million
Equities research analysts expect TransDigm Group Incorporated (NYSE:TDG) to report sales of $855.47 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for TransDigm Group’s earnings. The lowest sales estimate is $848.00 million and the highest is $865.71 million. TransDigm Group reported sales of $814.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that TransDigm Group will report full-year sales of $855.47 million for the current year, with estimates ranging from $3.66 billion to $3.76 billion. For the next year, analysts expect that the business will report sales of $3.91 billion per share, with estimates ranging from $3.84 billion to $4.04 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for TransDigm Group.
TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The company had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. During the same quarter in the previous year, the company posted $3.29 earnings per share. TransDigm Group’s quarterly revenue was up 5.6% compared to the same quarter last year.
A number of research analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating and issued a $285.00 target price on shares of TransDigm Group in a research note on Monday, January 8th. JPMorgan Chase & Co. cut shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of TransDigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and issued a $307.00 target price on shares of TransDigm Group in a research note on Friday, November 10th. Finally, Credit Suisse Group lifted their target price on shares of TransDigm Group from $294.54 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $297.17.
In other TransDigm Group news, CEO W Nicholas Howley sold 63,776 shares of TransDigm Group stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Graff sold 1,872 shares of TransDigm Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the sale, the director now directly owns 9,482 shares of the company’s stock, valued at approximately $2,644,719.44. The disclosure for this sale can be found here. In the last three months, insiders sold 77,648 shares of company stock valued at $20,900,892. 10.52% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in TransDigm Group by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 14 shares during the period. Neville Rodie & Shaw Inc. acquired a new stake in TransDigm Group during the 4th quarter worth $205,000. HighTower Advisors LLC acquired a new stake in TransDigm Group during the 2nd quarter worth $201,000. Laurion Capital Management LP acquired a new stake in TransDigm Group during the 2nd quarter worth $205,000. Finally, Trexquant Investment LP acquired a new stake in TransDigm Group during the 3rd quarter worth $209,000.
TransDigm Group (NYSE:TDG) opened at $292.50 on Monday. TransDigm Group has a one year low of $203.72 and a one year high of $295.00. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86. The stock has a market cap of $15,200.00, a P/E ratio of 34.62, a PEG ratio of 2.46 and a beta of 0.62.
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TransDigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & 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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