Analysts Anticipate TransDigm Group Incorporated (TDG) Will Announce Quarterly Sales of $1.14 Billion
Brokerages forecast that TransDigm Group Incorporated (NYSE:TDG) will report sales of $1.14 billion for the current quarter, according to Zacks Investment Research. Two 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 $1.13 billion. TransDigm Group reported sales of $933.07 million during the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The company is expected to announce its next earnings results on Tuesday, May 7th.
On average, analysts expect that TransDigm Group will report full year sales of $5.31 billion for the current fiscal year, with estimates ranging from $5.29 billion to $5.33 billion. For the next year, analysts expect that the business will post sales of $5.51 billion, with estimates ranging from $4.38 billion to $6.64 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 earnings results on Tuesday, February 5th. The aerospace company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.19 by $0.66. The business had revenue of $993.30 million for the quarter, compared to the consensus estimate of $957.66 million. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. TransDigm Group’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.65 EPS.
In other TransDigm Group news, VP Robert S. Henderson sold 20,000 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $427.37, for a total value of $8,547,400.00. Following the transaction, the vice president now directly owns 45,000 shares in the company, valued at $19,231,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $456.22, for a total transaction of $7,793,606.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,357 shares of company stock worth $41,248,657. Corporate insiders own 11.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its position in TransDigm Group by 3.5% during the 4th quarter. Gilbert & Cook Inc. now owns 716 shares of the aerospace company’s stock valued at $243,000 after buying an additional 24 shares during the period. JOYN Advisors Inc. increased its stake in shares of TransDigm Group by 33.3% in the 4th quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 33 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in shares of TransDigm Group by 56.9% in the 1st quarter. Carroll Financial Associates Inc. now owns 113 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 41 shares in the last quarter. Keybank National Association OH increased its stake in TransDigm Group by 0.9% during the 4th quarter. Keybank National Association OH now owns 7,072 shares of the aerospace company’s stock valued at $2,405,000 after purchasing an additional 64 shares in the last quarter. Finally, Conning Inc. increased its stake in TransDigm Group by 11.7% during the 1st quarter. Conning Inc. now owns 670 shares of the aerospace company’s stock valued at $304,000 after purchasing an additional 70 shares in the last quarter.
Shares of TDG traded up $8.95 on Friday, hitting $476.28. The company’s stock had a trading volume of 5,517 shares, compared to its average volume of 368,085. The company has a market capitalization of $24.99 billion, a P/E ratio of 28.02, a PEG ratio of 1.99 and a beta of 1.01. TransDigm Group has a fifty-two week low of $307.36 and a fifty-two week high of $470.02.
About TransDigm Group
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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