Analysts expect Triumph Group Inc (NYSE:TGI) to announce earnings of $0.56 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Triumph Group’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.33. Triumph Group reported earnings per share of $1.01 in the same quarter last year, which suggests a negative year over year growth rate of 44.6%. The company is expected to report its next earnings results on Thursday, May 9th.
On average, analysts expect that Triumph Group will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.50 to $1.80. For the next year, analysts forecast that the firm will post earnings of $2.39 per share, with EPS estimates ranging from $2.00 to $2.70. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Triumph Group.
Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, February 7th. The aerospace company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Triumph Group had a negative net margin of 12.41% and a negative return on equity of 149.35%. The company had revenue of $807.90 million for the quarter, compared to analysts’ expectations of $829.37 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. Triumph Group’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Several brokerages recently weighed in on TGI. Zacks Investment Research raised Triumph Group from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a report on Monday, February 11th. ValuEngine lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. SunTrust Banks upped their price objective on Triumph Group to $25.00 and gave the company a “hold” rating in a report on Friday, February 8th. Cowen lowered Triumph Group from an “outperform” rating to a “market perform” rating and set a $22.15 price objective for the company. in a report on Monday, February 11th. Finally, UBS Group upgraded Triumph Group from a “sell” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $14.50 in a report on Monday, December 17th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Triumph Group currently has an average rating of “Hold” and a consensus price target of $24.96.
In related news, Director Joseph Silvestri sold 22,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $23.10, for a total transaction of $508,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Walthausen & Co. LLC bought a new position in Triumph Group during the third quarter valued at approximately $24,533,000. New York State Common Retirement Fund lifted its position in Triumph Group by 1,289.8% during the fourth quarter. New York State Common Retirement Fund now owns 754,668 shares of the aerospace company’s stock valued at $8,679,000 after purchasing an additional 700,368 shares during the period. Norges Bank bought a new position in Triumph Group during the fourth quarter valued at approximately $1,958,000. Jane Street Group LLC lifted its position in Triumph Group by 118.4% during the third quarter. Jane Street Group LLC now owns 22,584 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 145,489 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Triumph Group during the fourth quarter valued at approximately $1,441,000.
Shares of TGI traded down $0.70 during mid-day trading on Monday, hitting $20.54. 1,034,600 shares of the company’s stock were exchanged, compared to its average volume of 789,985. The stock has a market capitalization of $1.06 billion, a PE ratio of 8.12, a P/E/G ratio of 2.82 and a beta of 2.55. Triumph Group has a fifty-two week low of $11.16 and a fifty-two week high of $29.60.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 28th. Triumph Group’s payout ratio is 6.32%.
About Triumph Group
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.
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