TransDigm Group Incorporated (TDG) Expected to Post Quarterly Sales of $855.47 Million

Analysts expect TransDigm Group Incorporated (NYSE:TDG) to post sales of $855.47 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TransDigm Group’s earnings, with estimates ranging from $848.00 million to $865.71 million. TransDigm Group reported sales of $814.02 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that TransDigm Group will report full-year sales of $855.47 million for the current year, with estimates ranging from $3.66 billion to $3.76 billion. For the next year, analysts expect that the business will post sales of $3.91 billion per share, with estimates ranging from $3.84 billion to $4.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover TransDigm Group.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The firm had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share.

TDG has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $316.00 target price on shares of TransDigm Group in a research report on Friday, September 1st. Zacks Investment Research raised TransDigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $300.00 target price on shares of TransDigm Group in a research note on Monday, October 2nd. Credit Suisse Group restated an “outperform” rating and issued a $320.00 price objective (up previously from $301.00) on shares of TransDigm Group in a research note on Thursday, August 10th. They noted that the move was a valuation call. Finally, Deutsche Bank AG upped their price objective on shares of TransDigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $296.87.

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In other news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.78, for a total transaction of $1,582,680.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO W Nicholas Howley sold 63,776 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,776 shares of company stock valued at $25,777,794. Company insiders own 10.52% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in TransDigm Group by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after purchasing an additional 76,897 shares during the last quarter. Tiger Global Management LLC raised its stake in shares of TransDigm Group by 57.4% in the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after buying an additional 1,459,272 shares in the last quarter. BlackRock Inc. raised its stake in shares of TransDigm Group by 0.9% in the 2nd quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock valued at $1,073,487,000 after buying an additional 37,025 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of TransDigm Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,677,120 shares of the aerospace company’s stock worth $684,405,000 after purchasing an additional 35,010 shares in the last quarter. Finally, Capital International Investors increased its position in shares of TransDigm Group by 3.5% during the 3rd quarter. Capital International Investors now owns 1,379,346 shares of the aerospace company’s stock worth $352,630,000 after purchasing an additional 46,753 shares in the last quarter.

TransDigm Group (NYSE:TDG) opened at $268.99 on Friday. TransDigm Group has a twelve month low of $203.72 and a twelve month high of $295.00. The company has a market capitalization of $13,881.03, a P/E ratio of 22.43, a P/E/G ratio of 2.22 and a beta of 0.50. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61.

TransDigm Group Company Profile

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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