Transdigm Group Incorporated (NYSE:TDG) Expected to Announce Quarterly Sales of $901.87 Million
Brokerages expect Transdigm Group Incorporated (NYSE:TDG) to announce $901.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Transdigm Group’s earnings, with the highest sales estimate coming in at $912.47 million and the lowest estimate coming in at $892.00 million. Transdigm Group reported sales of $797.69 million in the same quarter last year, which indicates a positive year over year growth rate of 13.1%. The company is expected to issue its next earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Transdigm Group will report full year sales of $901.87 million for the current financial year, with estimates ranging from $3.54 billion to $3.58 billion. For the next year, analysts forecast that the business will report sales of $3.75 billion per share, with estimates ranging from $3.71 billion to $3.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Transdigm Group.
Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.85 by $0.17. The firm had revenue of $873.23 million for the quarter, compared to analysts’ expectations of $894.37 million. Transdigm Group had a net margin of 14.10% and a negative return on equity of 47.38%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.86 earnings per share.
A number of analysts have recently issued reports on TDG shares. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “sell” rating in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $298.00 price target on shares of Transdigm Group in a report on Monday, May 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $300.00 price target on shares of Transdigm Group in a report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $316.00 price target on shares of Transdigm Group in a report on Tuesday, April 18th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $300.00 price target (up previously from $262.00) on shares of Transdigm Group in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Transdigm Group has a consensus rating of “Buy” and a consensus target price of $287.68.
Transdigm Group (NYSE TDG) traded up 1.35% on Friday, reaching $284.39. 468,492 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $274.42 and its 200 day moving average price is $250.77. Transdigm Group has a 52-week low of $203.72 and a 52-week high of $294.38. The company has a market cap of $14.79 billion, a PE ratio of 32.27 and a beta of 0.56.
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In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the sale, the director now owns 75,701 shares in the company, valued at approximately $21,333,298.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the sale, the insider now owns 14,900 shares in the company, valued at approximately $4,142,647. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,000 shares of company stock worth $4,952,017. 10.52% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Korea Investment CORP boosted its stake in Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock worth $133,000 after buying an additional 291 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in Transdigm Group during the second quarter worth approximately $200,000. Plancorp LLC purchased a new stake in Transdigm Group during the second quarter worth approximately $213,000. Palisade Capital Management LLC NJ purchased a new stake in Transdigm Group during the first quarter worth approximately $220,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Transdigm Group during the second quarter worth approximately $220,000.
About Transdigm Group
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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