Transdigm Group Incorporated (TDG) Expected to Announce Quarterly Sales of $855.47 Million
Equities analysts forecast that Transdigm Group Incorporated (NYSE:TDG) will post sales of $855.47 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Transdigm Group’s earnings, with estimates ranging from $848.00 million to $865.71 million. Transdigm Group reported sales of $814.02 million in 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 earnings report on Tuesday, February 6th.
On average, analysts expect that Transdigm Group will report full-year sales of $855.47 million for the current financial year, with estimates ranging from $3.66 billion to $3.76 billion. For the next fiscal year, analysts forecast 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 sell-side research firms that cover Transdigm Group.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate 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 firm 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 EPS. Transdigm Group’s revenue was up 5.6% on a year-over-year basis.
A number of analysts have commented on the stock. Royal Bank of Canada set a $346.00 target price on shares of Transdigm Group and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research raised shares of Transdigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks reissued a “buy” rating and set a $307.00 price target on shares of Transdigm Group in a research report on Friday, November 10th. Credit Suisse Group boosted their price target on shares of Transdigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Wolfe Research raised shares of Transdigm Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $296.87.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $254.19, for a total value of $1,525,140.00. Following the sale, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO W Nicholas Howley sold 63,776 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,648 shares of company stock worth $26,299,932. 10.52% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd acquired a new position in Transdigm Group in the 3rd quarter valued at about $386,000. Neuberger Berman Group LLC grew its stake in Transdigm Group by 68.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,454 shares of the aerospace company’s stock valued at $1,650,000 after buying an additional 2,618 shares during the last quarter. California Public Employees Retirement System grew its stake in Transdigm Group by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 97,593 shares of the aerospace company’s stock valued at $24,950,000 after buying an additional 3,893 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Transdigm Group in the 3rd quarter valued at about $623,000. Finally, Capital International Investors grew its stake in Transdigm Group by 3.5% in the 3rd quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock valued at $352,630,000 after buying an additional 46,753 shares during the last quarter.
Transdigm Group (NYSE:TDG) opened at $274.38 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86. Transdigm Group has a 1 year low of $203.72 and a 1 year high of $295.00. The firm has a market cap of $14,220.00, a P/E ratio of 23.06, a P/E/G ratio of 2.32 and a beta of 0.62.
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About Transdigm Group
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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