Brokerages predict that Triumph Group Inc (NYSE:TGI) will announce $778.05 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Triumph Group’s earnings, with the lowest sales estimate coming in at $768.30 million and the highest estimate coming in at $791.20 million. Triumph Group reported sales of $844.86 million during the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The firm is expected to report its next earnings report before the market opens on Thursday, February 1st.
On average, 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 year, analysts expect that the business will report sales of $3.25 billion per share, with estimates ranging from $3.15 billion to $3.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Triumph Group.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The firm had revenue of $745.16 million during the quarter, compared to the consensus estimate of $787.90 million. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis.
Triumph Group (NYSE:TGI) traded down $0.45 on Tuesday, hitting $28.65. 339,400 shares of the company traded hands, compared to its average volume of 428,757. Triumph Group has a 52-week low of $19.65 and a 52-week high of $34.80. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.42 and a current ratio of 1.87. The firm has a market cap of $1,444.73, a P/E ratio of -13.45, a PEG ratio of 0.70 and a beta of 1.76.
In other news, Director Joseph Silvestri sold 34,162 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the sale, the director now owns 109,078 shares in the company, valued at approximately $3,306,154.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel J. Crowley sold 78,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $31.35, for a total transaction of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TGI. Riverhead Capital Management LLC boosted its position in shares of Triumph Group by 56.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 1,363 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Triumph Group during the 2nd quarter worth approximately $201,000. BlueCrest Capital Management Ltd purchased a new position in shares of Triumph Group during the 2nd quarter worth approximately $207,000. Amalgamated Bank purchased a new position in shares of Triumph Group during the 2nd quarter worth approximately $210,000. Finally, Sei Investments Co. boosted its position in shares of Triumph Group by 35.6% during the 3rd quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock worth $214,000 after purchasing an additional 1,881 shares during the period.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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