Brokerages expect Triumph Group Inc (NYSE:TGI) to post $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Triumph Group’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.68. Triumph Group posted earnings of $0.40 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The company is expected to announce its next earnings results on Thursday, November 14th.
On average, analysts expect that Triumph Group will report full-year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.66. For the next year, analysts forecast that the company will report earnings of $3.00 per share, with EPS estimates ranging from $2.75 to $3.26. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Triumph Group.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $730.20 million during the quarter, compared to the consensus estimate of $700.19 million. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS.
A number of research firms have weighed in on TGI. Zacks Investment Research raised shares of Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Monday, July 8th. Barclays downgraded shares of Triumph Group from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $23.00 to $20.00 in a research report on Friday, August 23rd. Finally, ValuEngine cut Triumph Group from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Triumph Group currently has a consensus rating of “Hold” and a consensus price target of $23.61.
Institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc bought a new position in shares of Triumph Group during the 1st quarter worth approximately $86,000. Private Capital Group LLC lifted its holdings in shares of Triumph Group by 415.4% in the 2nd quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 5,193 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Triumph Group by 134.4% in the 2nd quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock worth $183,000 after purchasing an additional 4,569 shares in the last quarter. Emerald Advisers LLC bought a new position in shares of Triumph Group in the 2nd quarter worth $204,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Triumph Group by 135.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,400 shares of the aerospace company’s stock worth $217,000 after purchasing an additional 6,560 shares in the last quarter.
NYSE:TGI opened at $24.26 on Tuesday. The company has a market capitalization of $1.21 billion, a PE ratio of 9.74, a P/E/G ratio of 1.84 and a beta of 2.77. The company has a 50 day simple moving average of $22.30 and a two-hundred day simple moving average of $21.80. Triumph Group has a fifty-two week low of $11.16 and a fifty-two week high of $26.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 29th. Triumph Group’s payout ratio is 6.43%.
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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