Posted by admin on Apr 16th, 2022

Wall Street analysts forecast that TransDigm Group Incorporated (NYSE:TDG – Get Rating) will announce sales of $1.31 billion for the current quarter, Zacks reports. Three analysts have issued estimates for TransDigm Group’s earnings. The highest sales estimate is $1.35 billion and the lowest is $1.28 billion. TransDigm Group reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that TransDigm Group will report full-year sales of $5.37 billion for the current fiscal year, with estimates ranging from $5.33 billion to $5.46 billion. For the next year, analysts forecast that the firm will report sales of $5.94 billion, with estimates ranging from $5.79 billion to $6.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover TransDigm Group.

TransDigm Group (NYSE:TDG – Get Rating) last announced its quarterly earnings results on Tuesday, February 8th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.04). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.24 billion. TransDigm Group had a net margin of 16.23% and a negative return on equity of 23.98%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share.

TDG has been the topic of a number of research analyst reports. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Morgan Stanley increased their price objective on shares of TransDigm Group from $762.00 to $801.00 and gave the company an “overweight” rating in a research note on Wednesday, February 9th. Finally, Truist Financial upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and raised their target price for the company from $600.00 to $786.00 in a research note on Friday, January 7th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $721.94.

In related news, Director W Nicholas Howley sold 11,500 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $632.64, for a total value of $7,275,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond F. Laubenthal sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total transaction of $3,350,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,500 shares of company stock worth $25,313,045. Insiders own 9.13% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TDG. Wetherby Asset Management Inc. lifted its position in TransDigm Group by 0.4% during the fourth quarter. Wetherby Asset Management Inc. now owns 3,866 shares of the aerospace company’s stock valued at $2,460,000 after buying an additional 16 shares in the last quarter. Cedar Brook Financial Partners LLC lifted its position in shares of TransDigm Group by 3.8% during the first quarter. Cedar Brook Financial Partners LLC now owns 489 shares of the aerospace company’s stock worth $319,000 after purchasing an additional 18 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of TransDigm Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 806 shares of the aerospace company’s stock worth $503,000 after buying an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of TransDigm Group by 51.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 56 shares of the aerospace company’s stock worth $36,000 after buying an additional 19 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of TransDigm Group by 3.4% in the fourth quarter. Summit Trail Advisors LLC now owns 571 shares of the aerospace company’s stock worth $363,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.09% of the company’s stock.

Shares of TransDigm Group stock traded up $2.31 during trading hours on Monday, reaching $638.48. The company’s stock had a trading volume of 325,164 shares, compared to its average volume of 295,827. The stock has a market cap of $35.41 billion, a P/E ratio of 49.96, a P/E/G ratio of 2.10 and a beta of 1.45. TransDigm Group has a one year low of $552.72 and a one year high of $688.03. The firm has a 50 day moving average price of $649.54 and a 200-day moving average price of $635.26.

TransDigm Group Company Profile (Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

Get a free copy of the Zacks research report on TransDigm Group (TDG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.

Zacks: Brokerages Expect Affiliated Managers Group, Inc. (NYSE:AMG) to Announce $4.23 Earnings Per Share

MedAvail Holdings, Inc. (NASDAQ:MDVL) Expected to Post Earnings of -$0.36 Per Share