Q3 2018 Earnings Forecast for Triumph Group, Inc. (TGI) Issued By SunTrust Banks
Triumph Group, Inc. (NYSE:TGI) – Investment analysts at SunTrust Banks issued their Q3 2018 earnings per share estimates for Triumph Group in a report released on Wednesday. SunTrust Banks analyst M. Ciarmoli expects that the aerospace company will post earnings of $0.71 per share for the quarter. SunTrust Banks has a “Hold” rating and a $34.00 price target on the stock. SunTrust Banks also issued estimates for Triumph Group’s Q4 2018 earnings at $1.02 EPS and FY2018 earnings at $2.01 EPS.
Several other analysts also recently commented on TGI. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $41.00 price objective (up from $38.00) on shares of Triumph Group in a research note on Thursday, November 9th. BidaskClub upgraded Triumph Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine cut Triumph Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and set a $30.00 target price on shares of Triumph Group in a research report on Friday, September 29th. Finally, Robert W. Baird reiterated a “buy” rating and set a $34.00 target price on shares of Triumph Group in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.00.
Triumph Group (NYSE TGI) traded down $0.25 on Monday, reaching $29.70. The company’s stock had a trading volume of 100,919 shares, compared to its average volume of 802,748. The company has a current ratio of 1.87, a quick ratio of 0.42 and a debt-to-equity ratio of 1.65. The stock has a market cap of $1,471.32, a P/E ratio of 6.10, a PEG ratio of 0.73 and a beta of 1.76. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.20. The business had revenue of $745.16 million during the quarter, compared to the consensus estimate of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TGI. BlackRock Inc. raised its holdings in shares of Triumph Group by 13,862.7% during the first quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock valued at $193,578,000 after buying an additional 7,463,672 shares during the last quarter. Vanguard Group Inc. raised its holdings in Triumph Group by 20.1% during 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 raised its holdings in Triumph Group by 43.1% during 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. Renaissance Technologies LLC bought a new stake in Triumph Group during the second quarter worth approximately $12,232,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Triumph Group by 118.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock worth $18,041,000 after purchasing an additional 309,588 shares in the last quarter. 99.75% of the stock is currently owned by institutional investors.
About Triumph Group
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