Triumph Group Inc (TGI) Expected to Post Quarterly Sales of $778.05 Million
Wall Street brokerages forecast that Triumph Group Inc (NYSE:TGI) will report sales of $778.05 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Triumph Group’s earnings. The highest sales estimate is $791.20 million and the lowest is $768.30 million. Triumph Group posted sales of $844.86 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The business is expected to issue its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Triumph Group will report full-year sales of $778.05 million for the current year, with estimates ranging from $3.07 billion to $3.17 billion. For the next financial year, analysts expect that the firm will post sales of $3.23 billion per share, with estimates ranging from $3.06 billion to $3.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Triumph Group.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.20. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The company had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. Triumph Group’s quarterly revenue was down 14.8% compared to the same quarter last year.
A number of research firms have recently issued reports on TGI. BidaskClub upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Jefferies Group restated a “hold” rating and issued a $30.00 price objective on shares of Triumph Group in a research report on Friday, September 29th. Robert W. Baird restated a “buy” rating and issued a $34.00 price objective on shares of Triumph Group in a research report on Thursday, October 12th. SunTrust Banks boosted their price objective on shares of Triumph Group to $34.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, Royal Bank Of Canada set a $39.00 price objective on shares of Triumph Group and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Triumph Group has an average rating of “Hold” and an average target price of $33.11.
Triumph Group (TGI) opened at $29.50 on Friday. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The company has a quick ratio of 0.42, a current ratio of 1.87 and a debt-to-equity ratio of 1.65. The stock has a market cap of $1,534.09, a P/E ratio of 6.36, a PEG ratio of 0.76 and a beta of 1.76.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, November 30th. Triumph Group’s dividend payout ratio is presently -7.51%.
In other Triumph Group news, CEO Daniel J. Crowley sold 78,900 shares of Triumph Group stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.35, for a total transaction of $2,473,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Silvestri sold 34,162 shares of Triumph Group stock in a transaction on Friday, November 17th. The stock was sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the sale, the director now directly owns 109,078 shares of the company’s stock, valued at approximately $3,306,154.18. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC grew its holdings in shares of Triumph Group by 56.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after buying an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at $149,000. Sei Investments Co. grew its holdings in shares of Triumph Group by 51.6% in the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after buying an additional 1,796 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at $171,000. Finally, Tower Research Capital LLC TRC bought a new stake in Triumph Group in the 2nd quarter valued at $201,000. 99.75% of the stock is owned by institutional investors.
Triumph Group Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.