Wall Street analysts expect TransDigm Group Incorporated (NYSE:TDG) to report $1.05 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for TransDigm Group’s earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.06 billion. TransDigm Group posted sales of $933.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The business is expected to announce its next earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that TransDigm Group will report full year sales of $4.19 billion for the current fiscal year, with estimates ranging from $4.13 billion to $4.28 billion. For the next year, analysts anticipate that the firm will report sales of $4.42 billion, with estimates ranging from $4.36 billion to $4.54 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for TransDigm Group.
Get TransDigm Group alerts:TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 5th. The aerospace company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.66. The business had revenue of $993.30 million during the quarter, compared to analyst estimates of $957.66 million. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. TransDigm Group’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS.
A number of equities research analysts recently commented on TDG shares. SunTrust Banks increased their price target on TransDigm Group to $452.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Jefferies Financial Group reissued a “hold” rating and issued a $355.00 price target on shares of TransDigm Group in a research report on Tuesday, January 8th. Credit Suisse Group increased their price target on TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Canaccord Genuity increased their price target on TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Finally, Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $400.00.
In related news, CEO W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction dated Thursday, February 7th. The stock was 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 owns 43,818 shares of the company’s stock, valued at approximately $18,340,023.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jorge Valladares sold 5,000 shares of TransDigm Group stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $436.99, for a total value of $2,184,950.00. Following the completion of the sale, the executive vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $6,117,860. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,191 shares of company stock valued at $26,101,673. Insiders own 11.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gilbert & Cook Inc. increased its holdings in TransDigm Group by 3.5% in the 4th quarter. Gilbert & Cook Inc. now owns 716 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 24 shares during the last quarter. JOYN Advisors Inc. increased its holdings in TransDigm Group by 33.3% in the 4th quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 33 shares during the last quarter. Keybank National Association OH increased its holdings in TransDigm Group by 0.9% in the 4th quarter. Keybank National Association OH now owns 7,072 shares of the aerospace company’s stock worth $2,405,000 after acquiring an additional 64 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in TransDigm Group by 100.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 144 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 72 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in TransDigm Group by 1.3% in the 4th quarter. M&T Bank Corp now owns 6,060 shares of the aerospace company’s stock worth $2,060,000 after acquiring an additional 76 shares during the last quarter.
NYSE TDG traded down $0.08 on Wednesday, reaching $427.67. The company had a trading volume of 312,106 shares, compared to its average volume of 383,624. The firm has a market capitalization of $22.62 billion, a P/E ratio of 25.17, a PEG ratio of 1.86 and a beta of 0.99. TransDigm Group has a 52-week low of $287.01 and a 52-week high of $445.51.
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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