$778.05 Million in Sales Expected for Triumph Group Inc (TGI) This Quarter

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.

Several equities analysts recently issued reports on the company. Jefferies Group restated a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research note on Friday, September 29th. Royal Bank of Canada set a $39.00 price objective on Triumph Group and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Robert W. Baird restated a “buy” rating and set a $34.00 price objective on shares of Triumph Group in a research note on Friday, September 8th. TheStreet cut Triumph Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Finally, Cowen restated a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research note on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.11.

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%.

ILLEGAL ACTIVITY NOTICE: “$778.05 Million in Sales Expected for Triumph Group Inc (TGI) This Quarter” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/06/778-05-million-in-sales-expected-for-triumph-group-inc-tgi-this-quarter-2.html.

About Triumph Group

Get a free copy of the Zacks research report on Triumph Group (TGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply