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.

TRADEMARK VIOLATION NOTICE: “Jefferies Group Weighs in on Triumph Group, Inc.’s FY2018 Earnings (TGI)” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/09/22/jefferies-group-weighs-in-on-triumph-group-inc-s-fy2018-earnings-tgi.html.

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

Earnings History and Estimates for Triumph Group (NYSE:TGI)

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