Brokerages expect Triumph Group Inc (NYSE:TGI) to report $778.05 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Triumph Group’s earnings. The highest sales estimate is $791.20 million and the lowest is $768.30 million. Triumph Group posted sales of $844.86 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Triumph Group will report full-year sales of $778.05 million for the current fiscal year, with estimates ranging from $3.10 billion to $3.17 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.26 billion per share, with estimates ranging from $3.15 billion to $3.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Triumph Group.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.20. The company had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS.
In other Triumph Group news, CEO Daniel J. Crowley sold 78,900 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph Silvestri sold 34,162 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the sale, the director now directly owns 109,078 shares in the company, valued at $3,306,154.18. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC increased its position in Triumph Group by 56.8% in the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after buying an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in Triumph Group in the second quarter worth $149,000. Sei Investments Co. increased its position in Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after buying an additional 1,796 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Triumph Group in the second quarter worth $201,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Triumph Group in the second quarter worth $207,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Group (NYSE TGI) opened at $27.45 on Friday. The company has a market capitalization of $1,360.00, a P/E ratio of -12.89, a PEG ratio of 0.66 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.42 and a current ratio of 1.87. Triumph Group has a one year low of $19.65 and a one year high of $34.80.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, November 30th. Triumph Group’s dividend payout ratio (DPR) is presently -7.51%.
About Triumph Group
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