Triumph Group, Inc. (TGI) Expected to Earn Q3 2018 Earnings of $0.76 Per Share
Triumph Group, Inc. (NYSE:TGI) – Equities research analysts at Jefferies Group issued their Q3 2018 earnings per share estimates for Triumph Group in a research note issued on Wednesday. Jefferies Group analyst S. Kahyaoglu forecasts that the company will post earnings per share of $0.76 for the quarter. Jefferies Group currently has a “Hold” rating and a $30.00 target price on the stock. Jefferies Group also issued estimates for Triumph Group’s Q4 2018 earnings at $1.13 EPS, FY2018 earnings at $2.65 EPS, FY2019 earnings at $3.00 EPS and FY2020 earnings at $3.55 EPS.
Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and set a $41.00 target price (up previously from $38.00) on shares of Triumph Group in a report on Thursday. Cowen and Company reiterated a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a research note on Thursday. BidaskClub raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. SunTrust Banks, Inc. increased their price objective on shares of Triumph Group to $34.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Canaccord Genuity reissued a “hold” rating and issued a $36.00 target price (up from $30.00) on shares of Triumph Group in a report on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Triumph Group currently has an average rating of “Hold” and an average price target of C$33.00.
Triumph Group (NYSE TGI) opened at C$31.40 on Monday. Triumph Group has a 12-month low of C$19.65 and a 12-month high of C$34.80. The company has a market cap of $1,558.16, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, November 8th. The company reported C$0.52 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.20. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The business had revenue of C$745.16 million for the quarter, compared to analyst estimates of C$787.90 million. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue was down 14.8% on a year-over-year basis.
Several hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Triumph Group by 6.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 605,743 shares of the company’s stock worth $18,021,000 after buying an additional 34,853 shares during the period. Legal & General Group Plc increased its position in Triumph Group by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 142,919 shares of the company’s stock valued at $4,255,000 after buying an additional 3,871 shares in the last quarter. TD Asset Management Inc. increased its position in Triumph Group by 10.1% during the 3rd quarter. TD Asset Management Inc. now owns 22,900 shares of the company’s stock valued at $681,000 after buying an additional 2,100 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Triumph Group by 33.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,290 shares of the company’s stock valued at $514,000 after purchasing an additional 4,300 shares during the period. Finally, American International Group Inc. increased its holdings in shares of Triumph Group by 5.7% in the third quarter. American International Group Inc. now owns 38,773 shares of the company’s stock valued at $1,153,000 after purchasing an additional 2,102 shares during the period. Institutional investors and hedge funds own 99.75% of the company’s stock.
About Triumph Group
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