Triumph Group Inc (NYSE:TGI) – Jefferies Financial Group lowered their Q3 2019 earnings per share estimates for Triumph Group in a research report issued on Sunday, November 11th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the aerospace company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.53. Jefferies Financial Group also issued estimates for Triumph Group’s Q4 2019 earnings at $0.53 EPS.

A number of other equities analysts have also recently commented on TGI. Barclays reduced their price objective on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 price objective on shares of Triumph Group in a research report on Wednesday, August 8th. ValuEngine raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Triumph Group in a research report on Friday, July 20th. Finally, Zacks Investment Research raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.50.

Shares of TGI opened at $20.34 on Wednesday. The firm has a market cap of $1.06 billion, a P/E ratio of 8.04, a PEG ratio of 0.90 and a beta of 1.90. Triumph Group has a 1-year low of $16.80 and a 1-year high of $31.90. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.87 and a current ratio of 1.33.

Triumph Group (NYSE:TGI) last issued its earnings results on Thursday, November 8th. The aerospace company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $855.11 million for the quarter, compared to the consensus estimate of $801.52 million. Triumph Group had a negative net margin of 14.98% and a positive return on equity of 68.14%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its position in shares of Triumph Group by 44.5% in the third quarter. Riverhead Capital Management LLC now owns 8,771 shares of the aerospace company’s stock valued at $204,000 after acquiring an additional 2,700 shares during the period. Royce & Associates LP boosted its position in shares of Triumph Group by 17.2% in the third quarter. Royce & Associates LP now owns 834,800 shares of the aerospace company’s stock valued at $19,451,000 after acquiring an additional 122,400 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Triumph Group in the third quarter valued at about $701,000. Hsbc Holdings PLC bought a new stake in shares of Triumph Group in the third quarter valued at about $380,000. Finally, Walthausen & Co. LLC bought a new stake in shares of Triumph Group in the third quarter valued at about $24,533,000.

In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director now directly owns 107,662 shares of the company’s stock, valued at $2,368,564. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Triumph Group Company Profile

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: Preferred Stock

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

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