Triumph Group (NYSE:TGI) Updates FY 2022 Earnings Guidance

Triumph Group (NYSE:TGI) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.680-$0.880 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.570. The company issued revenue guidance of $1.50 billion-$1.60 billion, compared to the consensus revenue estimate of $1.58 billion.

Shares of TGI traded down $0.13 during midday trading on Thursday, reaching $20.57. 296,306 shares of the stock were exchanged, compared to its average volume of 829,047. Triumph Group has a 52 week low of $10.53 and a 52 week high of $24.53. The firm has a 50 day moving average price of $19.93. The company has a market capitalization of $1.33 billion, a P/E ratio of -6.47, a P/E/G ratio of 11.89 and a beta of 3.11.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Tuesday, November 9th. The aerospace company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Triumph Group had a negative return on equity of 2.58% and a negative net margin of 10.99%. The company had revenue of $357.40 million during the quarter, compared to analysts’ expectations of $375.88 million. During the same period last year, the business posted ($0.08) earnings per share. The firm’s revenue was down 25.8% compared to the same quarter last year. On average, sell-side analysts predict that Triumph Group will post 0.73 earnings per share for the current year.

Several brokerages have commented on TGI. UBS Group raised Triumph Group from a neutral rating to a buy rating and set a $22.00 price objective on the stock in a report on Friday, August 6th. Zacks Investment Research lowered Triumph Group from a hold rating to a sell rating and set a $21.00 price objective on the stock. in a research note on Tuesday, October 26th. Credit Suisse Group boosted their price objective on Triumph Group from $15.00 to $17.00 and gave the stock a neutral rating in a research note on Thursday, August 5th. Finally, Barclays boosted their price objective on Triumph Group from $17.00 to $20.00 and gave the stock an underweight rating in a research note on Monday, November 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $18.38.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in Triumph Group by 9.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 691,142 shares of the aerospace company’s stock valued at $12,875,000 after acquiring an additional 59,156 shares during the last quarter. Morgan Stanley grew its holdings in Triumph Group by 29.9% during the 2nd quarter. Morgan Stanley now owns 401,525 shares of the aerospace company’s stock valued at $8,332,000 after buying an additional 92,368 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Triumph Group by 36.6% during the third quarter. Royal Bank of Canada now owns 8,261 shares of the aerospace company’s stock worth $154,000 after purchasing an additional 2,215 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Company Profile

Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.

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Earnings History and Estimates for Triumph Group (NYSE:TGI)

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