TransDigm Group Incorporated (NYSE:TDG) Expected to Post Quarterly Sales of $1.45 Billion

Wall Street analysts predict that TransDigm Group Incorporated (NYSE:TDG) will post $1.45 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for TransDigm Group’s earnings. The lowest sales estimate is $1.42 billion and the highest is $1.49 billion. TransDigm Group posted sales of $993.30 million during the same quarter last year, which suggests a positive year over year growth rate of 46%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that TransDigm Group will report full year sales of $6.29 billion for the current year, with estimates ranging from $6.28 billion to $6.29 billion. For the next financial year, analysts expect that the business will post sales of $6.56 billion, with estimates ranging from $6.46 billion to $6.62 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover TransDigm Group.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.85 by $0.77. TransDigm Group had a negative return on equity of 58.95% and a net margin of 16.06%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm posted $4.44 earnings per share. The company’s revenue was up 46.9% on a year-over-year basis.

TDG has been the subject of several recent analyst reports. SunTrust Banks boosted their price objective on shares of TransDigm Group from $560.00 to $590.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays set a $610.00 price target on TransDigm Group and gave the stock a “buy” rating in a report on Friday, August 9th. ValuEngine lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Canaccord Genuity upped their price target on shares of TransDigm Group from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Cowen restated a “buy” rating and issued a $590.00 price target on shares of TransDigm Group in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. TransDigm Group currently has an average rating of “Buy” and a consensus price target of $579.64.

Shares of NYSE:TDG opened at $555.51 on Wednesday. TransDigm Group has a fifty-two week low of $311.46 and a fifty-two week high of $581.07. The firm’s 50 day moving average price is $544.26 and its 200 day moving average price is $510.19. The stock has a market cap of $30.37 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 2.52 and a beta of 0.96.

In other TransDigm Group news, EVP Bernt G. Iversen II sold 8,333 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $564.87, for a total value of $4,707,061.71. Following the transaction, the executive vice president now owns 12,643 shares of the company’s stock, valued at $7,141,651.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Skulina sold 5,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $509.52, for a total value of $2,547,600.00. Following the sale, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at $4,585,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,948 shares of company stock worth $58,667,331. 11.00% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Usca Ria LLC bought a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $30,000. Parkside Financial Bank & Trust lifted its holdings in shares of TransDigm Group by 46.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 69 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 22 shares during the period. Commonwealth Bank of Australia lifted its stake in TransDigm Group by 65.9% during the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 29 shares during the period. Whittier Trust Co. lifted its position in shares of TransDigm Group by 1,825.0% during the 3rd quarter. Whittier Trust Co. now owns 77 shares of the aerospace company’s stock worth $40,000 after buying an additional 73 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of TransDigm Group during the third quarter valued at $44,000. Institutional investors and hedge funds own 99.27% of the company’s stock.

TransDigm Group Company Profile

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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Earnings History and Estimates for TransDigm Group (NYSE:TDG)

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