Zacks: Brokerages Anticipate TransDigm Group Incorporated (TDG) Will Announce Quarterly Sales of $943.69 Million

Equities analysts expect that TransDigm Group Incorporated (NYSE:TDG) will report $943.69 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for TransDigm Group’s earnings, with the lowest sales estimate coming in at $889.00 million and the highest estimate coming in at $997.00 million. TransDigm Group posted sales of $847.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The company is expected to announce its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that TransDigm Group will report full year sales of $4.18 billion for the current fiscal year, with estimates ranging from $4.13 billion to $4.22 billion. For the next financial year, analysts expect that the company will report sales of $4.34 billion, with estimates ranging from $4.24 billion to $4.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for TransDigm Group.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, November 6th. The aerospace company reported $4.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.05 by $0.39. TransDigm Group had a net margin of 23.64% and a negative return on equity of 35.67%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $3.48 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis.

TDG has been the subject of several recent analyst reports. SunTrust Banks upped their target price on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a research note on Thursday, October 11th. Berenberg Bank initiated coverage on shares of TransDigm Group in a research note on Friday, September 28th. They issued a “buy” rating and a $420.00 target price for the company. Robert W. Baird downgraded shares of TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 target price for the company. in a research note on Thursday, October 11th. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a research note on Friday, August 10th. Finally, Cowen reaffirmed a “buy” rating on shares of TransDigm Group in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. TransDigm Group has an average rating of “Buy” and a consensus price target of $378.40.

In other news, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $326.65, for a total transaction of $3,887,135.00. Following the completion of the sale, the director now owns 25,193 shares of the company’s stock, valued at $8,229,293.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Skulina sold 10,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $355.06, for a total transaction of $3,550,600.00. Following the transaction, the insider now owns 14,000 shares of the company’s stock, valued at approximately $4,970,840. The disclosure for this sale can be found here. Insiders have sold 48,800 shares of company stock valued at $17,012,044 in the last three months. 11.45% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TDG. Smithfield Trust Co. boosted its holdings in TransDigm Group by 800.0% during the second quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 280 shares during the last quarter. First Hawaiian Bank acquired a new position in TransDigm Group during the third quarter worth $117,000. Fort L.P. acquired a new position in TransDigm Group during the second quarter worth $123,000. TLP Group LLC acquired a new position in TransDigm Group during the third quarter worth $145,000. Finally, Asset Advisors Investment Management LLC acquired a new position in TransDigm Group during the third quarter worth $186,000.

NYSE:TDG traded up $4.47 during trading hours on Friday, hitting $344.43. The stock had a trading volume of 405,999 shares, compared to its average volume of 428,682. TransDigm Group has a one year low of $262.72 and a one year high of $377.67. The company has a market capitalization of $18.06 billion, a PE ratio of 20.27, a PEG ratio of 1.51 and a beta of 0.89.

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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