TransDigm Group Incorporated (TDG) Expected to Post Quarterly Sales of $1.05 Billion
Analysts forecast that TransDigm Group Incorporated (NYSE:TDG) will report sales of $1.05 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for TransDigm Group’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. TransDigm Group reported sales of $933.07 million in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that TransDigm Group will report full-year sales of $4.19 billion for the current financial year, with estimates ranging from $4.13 billion to $4.28 billion. For the next fiscal year, analysts expect that the company will report sales of $4.42 billion, with estimates ranging from $4.36 billion to $4.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for TransDigm Group.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.66. The business had revenue of $993.30 million for the quarter, compared to the consensus estimate of $957.66 million. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.65 earnings per share.
Shares of NYSE TDG traded up $10.32 during midday trading on Monday, hitting $440.09. The stock had a trading volume of 302,669 shares, compared to its average volume of 381,049. The company has a market cap of $23.28 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.99. TransDigm Group has a 1 year low of $278.99 and a 1 year high of $440.18.
In related news, insider Sarah Wynne sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $420.03, for a total value of $1,260,090.00. Following the completion of the sale, the insider now owns 3,100 shares of the company’s stock, valued at $1,302,093. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO W Nicholas Howley sold 17,083 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $418.55, for a total value of $7,150,089.65. Following the completion of the sale, the chief executive officer now directly owns 43,818 shares of the company’s stock, valued at approximately $18,340,023.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,647 shares of company stock valued at $18,045,639. Insiders own 11.00% of the company’s stock.
Several large investors have recently bought and sold shares of TDG. Public Employees Retirement System of Ohio increased its stake in TransDigm Group by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 18,646 shares of the aerospace company’s stock worth $6,341,000 after acquiring an additional 292 shares during the last quarter. Valinor Management L.P. increased its stake in TransDigm Group by 1.7% during the fourth quarter. Valinor Management L.P. now owns 348,816 shares of the aerospace company’s stock worth $118,619,000 after acquiring an additional 5,970 shares during the last quarter. National Pension Service increased its stake in TransDigm Group by 5.6% during the fourth quarter. National Pension Service now owns 55,825 shares of the aerospace company’s stock worth $23,992,000 after acquiring an additional 2,983 shares during the last quarter. Riverstone Advisors LLC acquired a new stake in TransDigm Group during the fourth quarter worth $2,429,000. Finally, Legal & General Group Plc increased its stake in TransDigm Group by 5.6% during the fourth quarter. Legal & General Group Plc now owns 235,451 shares of the aerospace company’s stock worth $80,067,000 after acquiring an additional 12,489 shares during the last quarter.
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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