TransDigm Group (TDG) to Release Earnings on Tuesday

TransDigm Group (NYSE:TDG - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $7.83 per share and revenue of $2.03 billion for the quarter.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded down $10.73 during trading hours on Tuesday, hitting $1,333.51. The company had a trading volume of 120,064 shares, compared to its average volume of 235,547. The company's 50-day moving average is $1,281.79 and its two-hundred day moving average is $1,310.26. TransDigm Group has a twelve month low of $1,070.03 and a twelve month high of $1,451.32. The company has a market cap of $74.98 billion, a P/E ratio of 52.11, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,455.00.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,525 shares of company stock worth $112,769,801. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Company Profile

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

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