Brokerages forecast that TransDigm Group Incorporated (NYSE:TDG) will report sales of $1.10 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TransDigm Group's earnings, with the highest sales estimate coming in at $1.15 billion and the lowest estimate coming in at $1.08 billion. TransDigm Group reported sales of $1.54 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 28.6%. The company is expected to announce its next earnings results on Tuesday, November 17th.
On average, analysts expect that TransDigm Group will report full year sales of $5.03 billion for the current fiscal year, with estimates ranging from $5.01 billion to $5.08 billion. For the next year, analysts expect that the business will post sales of $4.77 billion, with estimates ranging from $4.63 billion to $4.91 billion. Zacks' sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TransDigm Group.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.70. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. TransDigm Group had a net margin of 14.24% and a negative return on equity of 25.74%. The firm's revenue was down 38.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.95 EPS.
Several research firms recently weighed in on TDG. Bank of America upgraded shares of TransDigm Group from an "underperform" rating to a "buy" rating and set a $550.00 price target for the company in a research report on Friday, August 7th. BofA Securities upgraded shares of TransDigm Group from an "underperform" rating to a "buy" rating and set a $550.00 price target for the company in a research report on Friday, August 7th. ValuEngine upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Monday, October 12th. 140166 initiated coverage on shares of TransDigm Group in a research report on Tuesday, June 23rd. They set a "neutral" rating and a $494.00 target price for the company. Finally, TheStreet lowered shares of TransDigm Group from a "b-" rating to a "c" rating in a research report on Thursday, October 1st. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. TransDigm Group currently has an average rating of "Buy" and a consensus target price of $497.00.
NYSE:TDG opened at $484.16 on Tuesday. The firm's fifty day moving average is $495.15 and its 200-day moving average is $430.53. TransDigm Group has a 52 week low of $200.06 and a 52 week high of $673.51. The firm has a market cap of $26.24 billion, a P/E ratio of 39.82, a P/E/G ratio of 10.24 and a beta of 1.52.
In other TransDigm Group news, Chairman W Nicholas Howley sold 21,548 shares of the business's stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $473.60, for a total transaction of $10,205,132.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bernt G. Iversen II sold 65,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $508.45, for a total value of $33,049,250.00. Following the transaction, the executive vice president now owns 70,010 shares of the company's stock, valued at $35,596,584.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,972 shares of company stock valued at $75,857,532. 8.17% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Lenox Wealth Advisors LLC bought a new position in TransDigm Group in the 2nd quarter worth approximately $44,000. Valeo Financial Advisors LLC raised its holdings in shares of TransDigm Group by 31.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 104 shares of the aerospace company's stock worth $46,000 after acquiring an additional 25 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of TransDigm Group during the 1st quarter worth approximately $47,000. Pinnacle Bank raised its holdings in shares of TransDigm Group by 20.0% during the 3rd quarter. Pinnacle Bank now owns 132 shares of the aerospace company's stock worth $63,000 after acquiring an additional 22 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of TransDigm Group by 18.7% during the 2nd quarter. Federated Hermes Inc. now owns 229 shares of the aerospace company's stock worth $101,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 98.61% of the company's stock.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates through 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, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.
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