TransDigm Group Incorporated (NYSE:TDG) Expected to Post Quarterly Sales of $1.73 Billion

Wall Street analysts expect TransDigm Group Incorporated (NYSE:TDG) to report sales of $1.73 billion for the current quarter, Zacks reports. Four analysts have provided estimates for TransDigm Group’s earnings, with the lowest sales estimate coming in at $1.70 billion and the highest estimate coming in at $1.78 billion. TransDigm Group reported sales of $1.05 billion in the same quarter last year, which indicates a positive year over year growth rate of 64.8%. The company is expected to report its next quarterly earnings report on Tuesday, November 5th.

On average, analysts expect that TransDigm Group will report full-year sales of $5.52 billion for the current year, with estimates ranging from $5.44 billion to $5.57 billion. For the next financial year, analysts expect that the business will post sales of $6.68 billion, with estimates ranging from $6.18 billion to $6.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for TransDigm Group.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.94. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The firm’s revenue was up 69.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.59 EPS.

Several research firms have issued reports on TDG. Barclays set a $610.00 price target on shares of TransDigm Group and gave the stock a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group raised their price target on shares of TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research note on Thursday. Morgan Stanley raised their price target on shares of TransDigm Group from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research note on Wednesday, May 8th. Finally, Cowen reaffirmed a “buy” rating and set a $520.00 price target on shares of TransDigm Group in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $540.42.

In other news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $467.38, for a total transaction of $4,673,800.00. Following the transaction, the vice president now directly owns 35,000 shares in the company, valued at approximately $16,358,300. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $475.09, for a total transaction of $8,115,962.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,249 shares of company stock worth $30,352,966. Insiders own 11.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in TDG. Lenox Wealth Management Inc. purchased a new position in TransDigm Group in the first quarter valued at approximately $25,000. Bremer Bank National Association purchased a new position in TransDigm Group in the first quarter valued at approximately $32,000. Princeton Global Asset Management LLC purchased a new position in TransDigm Group in the first quarter valued at approximately $34,000. Commonwealth Bank of Australia raised its holdings in TransDigm Group by 65.9% in the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock valued at $34,000 after buying an additional 29 shares during the period. Finally, Cornerstone Advisors Inc. raised its holdings in TransDigm Group by 147.4% in the second quarter. Cornerstone Advisors Inc. now owns 94 shares of the aerospace company’s stock valued at $45,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

NYSE TDG traded up $7.48 during trading hours on Monday, reaching $537.58. The company’s stock had a trading volume of 355,500 shares, compared to its average volume of 333,561. The stock has a market cap of $27.53 billion, a PE ratio of 31.64, a PEG ratio of 2.58 and a beta of 1.06. TransDigm Group has a fifty-two week low of $307.36 and a fifty-two week high of $555.27. The company’s 50-day moving average is $502.60 and its two-hundred day moving average is $466.13.

The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 16th will be issued a dividend of $30.00 per share. The ex-dividend date of this dividend is Thursday, August 15th.

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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