Triumph Group Inc (TGI) Releases FY15 Earnings Guidance
Triumph Group Inc (NYSE:TGI) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.75-5.90 for the period, compared to the Thomson Reuters consensus estimate of $5.81, StockRatingsNetwork.com reports. The company issued revenue guidance of $3.8-3.9 billion, compared to the consensus revenue estimate of $3.83 billion.
Triumph Group Inc (NYSE:TGI) traded up 0.28% during mid-day trading on Wednesday, hitting $63.82. The stock had a trading volume of 717,373 shares. Triumph Group Inc has a one year low of $61.41 and a one year high of $80.52. The stock’s 50-day moving average is $68.09 and its 200-day moving average is $67.24. The company has a market cap of $3.331 billion and a P/E ratio of 16.28.
Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, July 30th. The company reported $1.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.02. The company had revenue of $896.91 million for the quarter, compared to the consensus estimate of $916.30 million. During the same quarter last year, the company posted $1.54 earnings per share. Triumph Group’s revenue was down 5.0% compared to the same quarter last year. On average, analysts predict that Triumph Group Inc will post $5.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on TGI. Analysts at RBC Capital downgraded shares of Triumph Group from a sector perform rating to an underperform rating in a research note on Tuesday, July 1st. They now have a $67.00 price target on the stock, down previously from $73.00. On a related note, analysts at Bank of America downgraded shares of Triumph Group from a neutral rating to an underperform rating in a research note on Tuesday, June 17th. They now have a $73.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Topeka Capital Markets upgraded shares of Triumph Group from a hold rating to a buy rating in a research note on Thursday, June 12th. They now have a $87.00 price target on the stock, up previously from $74.00. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $78.18.
Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
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