Brokerages expect TransDigm Group Incorporated (NYSE:TDG) to report sales of $1.73 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TransDigm Group’s earnings. The lowest sales estimate is $1.70 billion and the highest is $1.78 billion. TransDigm Group posted sales of $1.05 billion during the same quarter last year, which would indicate a positive year over year growth rate of 64.8%. The business is scheduled to issue its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that TransDigm Group will report full-year sales of $5.52 billion for the current financial year, with estimates ranging from $5.44 billion to $5.57 billion. For the next year, analysts anticipate that the firm will report sales of $6.68 billion, with estimates ranging from $6.18 billion to $6.94 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for TransDigm Group.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.94. TransDigm Group had a negative return on equity of 59.21% and a net margin of 15.26%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $3.59 EPS. The firm’s revenue for the quarter was up 69.1% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. Credit Suisse Group lifted their price target on TransDigm Group from $539.00 to $617.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. SunTrust Banks lifted their target price on TransDigm Group to $560.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on TransDigm Group from $480.00 to $550.00 and gave the company a “hold” rating in a research note on Thursday. Barclays set a $610.00 price objective on TransDigm Group and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of “Buy” and an average price target of $540.42.

TransDigm Group stock opened at $510.10 on Monday. TransDigm Group has a one year low of $307.36 and a one year high of $555.27. The business’s fifty day moving average is $497.87. The company has a market cap of $28.90 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.70 and a beta of 1.06.

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

In related news, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $547.65, for a total transaction of $9,355,504.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total transaction of $4,673,800.00. Following the completion of the sale, the vice president now directly owns 35,000 shares of the company’s stock, valued at approximately $16,358,300. The disclosure for this sale can be found here. Insiders have sold 61,249 shares of company stock valued at $30,352,966 over the last quarter. Company insiders own 11.00% of the company’s stock.

Several institutional investors have recently modified their holdings of TDG. Lenox Wealth Management Inc. purchased a new position in shares of TransDigm Group during the 1st quarter valued at $25,000. Bremer Bank National Association purchased a new stake in TransDigm Group in the 1st quarter worth $32,000. Commonwealth Bank of Australia increased its holdings in shares of TransDigm Group by 65.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after buying an additional 29 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of TransDigm Group in the 1st quarter worth about $34,000. Finally, Cornerstone Advisors Inc. increased its holdings in shares of TransDigm Group by 147.4% in the 2nd quarter. Cornerstone Advisors Inc. now owns 94 shares of the aerospace company’s stock worth $45,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

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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