Triumph Group, Inc. (NYSE:TGI) Expected to Post Earnings of $0.51 Per Share
Analysts predict that Triumph Group, Inc. (NYSE:TGI) will announce $0.51 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Triumph Group’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.46. Triumph Group reported earnings per share of $1.00 during the same quarter last year, which indicates a negative year-over-year growth rate of 49%. The company is scheduled to report its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Triumph Group will report full-year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.62. For the next fiscal year, analysts forecast that the firm will report earnings of $2.97 per share, with EPS estimates ranging from $2.32 to $3.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Triumph Group.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.63. The business had revenue of $781.70 million during the quarter, compared to the consensus estimate of $804.26 million. Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share.
A number of equities analysts recently issued reports on the stock. Jefferies Group LLC lowered shares of Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research report on Monday, July 24th. Canaccord Genuity reiterated a “hold” rating and issued a $34.00 target price on shares of Triumph Group in a research report on Thursday, July 20th. ValuEngine lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 target price (up previously from $35.00) on shares of Triumph Group in a research report on Thursday, May 25th. Finally, Standpoint Research lowered 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. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.64.
Triumph Group (NYSE:TGI) traded down 0.979% during trading on Wednesday, reaching $27.825. The company had a trading volume of 1,069,382 shares. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The stock’s market capitalization is $1.38 billion. The stock has a 50 day moving average of $30.69 and a 200-day moving average of $27.67.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s payout ratio is -12.12%.
A number of large investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Triumph Group during the second quarter worth $149,000. Bank of Montreal Can increased its stake in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. Sei Investments Co. increased its stake in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Triumph Group during the second quarter worth $171,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Triumph Group during the first quarter worth $140,000. 99.86% of the stock is owned by institutional investors.
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Triumph Group Company Profile
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