Jefferies Group Weighs in on Triumph Group, Inc.’s FY2018 Earnings (TGI)
Triumph Group, Inc. (NYSE:TGI) – Stock analysts at Jefferies Group dropped their FY2018 earnings estimates for Triumph Group in a research note issued on Monday. Jefferies Group analyst S. Kahyaoglu now expects that the aerospace company will post earnings per share of $2.40 for the year, down from their prior forecast of $2.60. Jefferies Group currently has a “Hold” rating and a $37.00 target price on the stock.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.63). Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. During the same period in the prior year, the firm posted $1.04 EPS. Triumph Group’s revenue was down 12.5% on a year-over-year basis.
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Several other brokerages have also recently issued reports on TGI. Standpoint Research cut shares of Triumph Group from a “buy” rating to a “reduce” rating in a research report on Thursday, May 25th. They noted that the move was a valuation call. Cowen and Company restated a “market perform” rating and issued a $24.00 price target (down from $32.00) on shares of Triumph Group in a research report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a research report on Friday, September 8th. Canaccord Genuity increased their price objective on shares of Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price objective (up from $35.00) on shares of Triumph Group in a research report on Thursday, May 25th. Five analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.33.
Triumph Group (NYSE TGI) traded up 1.62% during mid-day trading on Thursday, reaching $28.30. 320,302 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $26.72 and a 200-day moving average of $27.67. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80. The firm’s market cap is $1.40 billion.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. Triumph Group’s dividend payout ratio (DPR) is presently -12.12%.
A number of hedge funds and other institutional investors have recently bought and sold shares of TGI. BlackRock Inc. increased its holdings in Triumph Group by 13,862.7% during the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after buying an additional 7,463,672 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Triumph Group by 20.1% in the first quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after purchasing an additional 880,074 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Triumph Group by 43.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,573,763 shares of the aerospace company’s stock worth $81,330,000 after purchasing an additional 774,964 shares in the last quarter. Formula Growth Ltd. purchased a new position in shares of Triumph Group in the first quarter worth about $12,180,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Triumph Group in the second quarter worth about $12,232,000. Institutional investors and hedge funds own 99.75% of the company’s stock.
Triumph Group Company Profile
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