Brokerages Expect Triumph Group, Inc. (TGI) Will Announce Quarterly Sales of $808.64 Million
Analysts expect that Triumph Group, Inc. (NYSE:TGI) will post sales of $808.64 million for the current quarter, Zacks reports. Four analysts have made estimates for Triumph Group’s earnings, with the highest sales estimate coming in at $820.70 million and the lowest estimate coming in at $792.11 million. Triumph Group posted sales of $893.25 million during the same quarter last year, which suggests a negative year over year growth rate of 9.5%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that Triumph Group will report full-year sales of $808.64 million for the current financial year, with estimates ranging from $3.16 billion to $3.23 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.22 billion per share, with estimates ranging from $3.14 billion to $3.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Triumph Group.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $1.69. The business had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $923.93 million. Triumph Group had a negative net margin of 1.22% and a positive return on equity of 32.58%. The business’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS.
TGI has been the subject of a number of research reports. Zacks Investment Research raised Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Triumph Group in a report on Tuesday, April 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $30.00 target price on shares of Triumph Group in a report on Thursday, April 20th. Jefferies Group LLC set a $29.00 target price on Triumph Group and gave the stock a “buy” rating in a report on Saturday, May 6th. Finally, Robert W. Baird raised Triumph Group from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $25.00 to $30.00 in a report on Tuesday, May 16th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $32.50.
Triumph Group (NYSE TGI) traded up 0.29% during trading on Friday, reaching $34.20. 513,220 shares of the company’s stock traded hands. Triumph Group has a one year low of $19.65 and a one year high of $39.92. The company has a 50 day moving average of $32.20 and a 200 day moving average of $27.56. The firm’s market cap is $1.70 billion.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, August 30th. Triumph Group’s payout ratio is presently -18.18%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of Triumph Group by 8.0% in the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock worth $135,000 after buying an additional 391 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Triumph Group during the first quarter worth approximately $140,000. FNY Managed Accounts LLC acquired a new stake in Triumph Group during the first quarter worth approximately $154,000. KCG Holdings Inc. acquired a new stake in Triumph Group during the first quarter worth approximately $201,000. Finally, Thrivent Financial for Lutherans boosted its stake in Triumph Group by 9.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,510 shares of the aerospace company’s stock worth $226,000 after buying an additional 750 shares during the period.
Triumph Group Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.