Triumph Group Inc (NYSE:TGI) – Stock analysts at Jefferies Financial Group upped their FY2020 earnings per share (EPS) estimates for shares of Triumph Group in a research report issued to clients and investors on Sunday, May 12th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the aerospace company will post earnings per share of $2.70 for the year, up from their prior estimate of $2.35. Jefferies Financial Group also issued estimates for Triumph Group’s Q4 2020 earnings at $1.04 EPS, FY2021 earnings at $3.45 EPS and FY2022 earnings at $4.08 EPS.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Triumph Group from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, April 25th. Cowen reaffirmed a “buy” rating and issued a $22.00 price target on shares of Triumph Group in a research report on Thursday, February 7th. Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $35.00 in a research report on Monday, February 11th. Finally, SunTrust Banks lifted their price target on Triumph Group to $25.00 and gave the stock a “hold” rating in a research report on Friday, February 8th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.66.
Shares of NYSE TGI opened at $21.52 on Wednesday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.74 and a beta of 2.77. Triumph Group has a 12 month low of $11.16 and a 12 month high of $26.00.
Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.47. Triumph Group had a negative return on equity of 35.34% and a negative net margin of 9.56%. The business had revenue of $869.03 million for the quarter, compared to the consensus estimate of $842.57 million. During the same period last year, the business earned $1.01 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year.
In other Triumph Group news, Director Joseph Silvestri sold 22,000 shares of Triumph Group stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $23.10, for a total value of $508,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. bought a new stake in shares of Triumph Group during the fourth quarter valued at approximately $213,000. Legal & General Group Plc increased its position in shares of Triumph Group by 7.8% during the third quarter. Legal & General Group Plc now owns 149,762 shares of the aerospace company’s stock valued at $3,469,000 after purchasing an additional 10,835 shares during the period. Rhumbline Advisers increased its position in shares of Triumph Group by 20.9% during the fourth quarter. Rhumbline Advisers now owns 147,504 shares of the aerospace company’s stock valued at $1,696,000 after purchasing an additional 25,502 shares during the period. Raymond James Trust N.A. increased its position in shares of Triumph Group by 13.4% during the fourth quarter. Raymond James Trust N.A. now owns 15,192 shares of the aerospace company’s stock valued at $175,000 after purchasing an additional 1,792 shares during the period. Finally, Flinton Capital Management LLC increased its position in shares of Triumph Group by 18.7% during the fourth quarter. Flinton Capital Management LLC now owns 6,608 shares of the aerospace company’s stock valued at $76,000 after purchasing an additional 1,040 shares during the period.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
Further Reading: Mutual Funds
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.