Equities analysts expect Triumph Group Inc (NYSE:TGI) to report earnings of $1.01 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Triumph Group’s earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $0.88. Triumph Group reported earnings per share of ($2.57) during the same quarter last year, which indicates a positive year-over-year growth rate of 139.3%. The company is expected to announce its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Triumph Group will report full year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.70. For the next fiscal year, analysts anticipate that the company will report earnings of $2.69 per share, with EPS estimates ranging from $2.05 to $2.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Triumph Group.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.11. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The business had revenue of $775.25 million during the quarter, compared to analyst estimates of $769.08 million. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year.
Several research analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 price objective on shares of Triumph Group in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price objective for the company in a research note on Saturday, January 20th. Finally, TheStreet lowered shares of Triumph Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.80.
In related news, Director Joseph Silvestri sold 3,670 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $27.95, for a total value of $102,576.50. Following the sale, the director now owns 105,408 shares of the company’s stock, valued at $2,946,153.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Sei Investments Co. raised its holdings in Triumph Group by 35.6% during the third quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock worth $214,000 after purchasing an additional 1,881 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Triumph Group during the third quarter worth approximately $305,000. SG Americas Securities LLC raised its holdings in Triumph Group by 41.4% during the third quarter. SG Americas Securities LLC now owns 10,559 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 3,091 shares in the last quarter. Meitav Dash Investments Ltd. acquired a new stake in Triumph Group during the fourth quarter worth approximately $304,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in Triumph Group during the fourth quarter worth approximately $344,000.
Triumph Group (NYSE:TGI) traded down $0.05 during midday trading on Monday, hitting $28.75. 680,330 shares of the stock traded hands, compared to its average volume of 648,922. The company has a current ratio of 1.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.82. Triumph Group has a twelve month low of $19.65 and a twelve month high of $34.80. The stock has a market capitalization of $1,430.00, a price-to-earnings ratio of -5.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.69.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.04 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.56%. Triumph Group’s dividend payout ratio (DPR) is -2.93%.
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About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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