Zacks: Brokerages Expect Triumph Group Inc (TGI) to Announce $0.67 EPS
Equities research analysts expect Triumph Group Inc (NYSE:TGI) to report earnings of $0.67 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Triumph Group’s earnings, with estimates ranging from $0.53 to $0.76. Triumph Group posted earnings per share of $0.59 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The business is expected to announce its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Triumph Group will report full-year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.70. For the next year, analysts expect that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.02 to $3.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Triumph Group.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.20. The company had revenue of $745.16 million for the quarter, compared to analysts’ expectations of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. Triumph Group’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS.
TGI has been the topic of a number of research reports. BidaskClub lowered shares of Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Jefferies Group reiterated a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a research note on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a research note on Thursday, October 12th. SunTrust Banks upped their price target on shares of Triumph Group to $34.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price target (up previously from $38.00) on shares of Triumph Group in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.11.
In related news, Director Joseph Silvestri sold 34,162 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the transaction, the director now owns 109,078 shares of the company’s stock, valued at approximately $3,306,154.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Daniel J. Crowley sold 78,900 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in TGI. Dimensional Fund Advisors LP raised its stake in shares of Triumph Group by 43.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,573,763 shares of the aerospace company’s stock valued at $81,330,000 after acquiring an additional 774,964 shares during the last quarter. Walthausen & Co. LLC bought a new position in shares of Triumph Group during the third quarter valued at $20,635,000. Renaissance Technologies LLC bought a new position in shares of Triumph Group during the second quarter valued at $12,232,000. Schwab Charles Investment Management Inc. raised its stake in shares of Triumph Group by 118.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 570,890 shares of the aerospace company’s stock valued at $18,041,000 after acquiring an additional 309,588 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Triumph Group during the second quarter valued at $273,000. 99.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Triumph Group (NYSE:TGI) traded up $0.60 during mid-day trading on Monday, hitting $27.25. 1,423,900 shares of the stock were exchanged, compared to its average volume of 777,172. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.42 and a current ratio of 1.87. The company has a market cap of $1,360.00, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.75. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, November 30th. Triumph Group’s payout ratio is -7.51%.
Triumph Group Company Profile
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