Brokerages expect Triumph Group Inc (NYSE:TGI) to report $830.45 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Triumph Group’s earnings. The lowest sales estimate is $778.20 million and the highest is $862.02 million. Triumph Group reported sales of $919.91 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The business is expected to announce its next earnings report on Wednesday, May 23rd.
On average, analysts expect that Triumph Group will report full year sales of $830.45 million for the current fiscal year, with estimates ranging from $3.08 billion to $3.16 billion. For the next year, analysts expect that the firm will report sales of $3.23 billion per share, with estimates ranging from $3.10 billion to $3.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Triumph Group.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. The firm had revenue of $775.25 million for the quarter, compared to analysts’ expectations of $769.08 million. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. Triumph Group’s revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share.
Triumph Group (NYSE:TGI) opened at $24.20 on Friday. The firm has a market cap of $1,261.03, a P/E ratio of -4.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 1.84. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. Triumph Group’s dividend payout ratio is currently -3.19%.
In related news, CEO Daniel J. Crowley sold 78,900 shares of Triumph Group stock in a transaction on Thursday, November 30th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Silvestri sold 34,162 shares of Triumph Group stock in a transaction on Friday, November 17th. The stock was 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 of the company’s stock, valued at approximately $3,306,154.18. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.
Several large investors have recently modified their holdings of TGI. BlueCrest Capital Management Ltd bought a new stake in shares of Triumph Group in the second quarter worth $207,000. Amalgamated Bank bought a new stake in shares of Triumph Group in the second quarter worth $210,000. Sei Investments Co. increased its stake in shares of Triumph Group by 35.6% in the third quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock worth $214,000 after buying an additional 1,881 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Triumph Group in the second quarter worth $273,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Triumph Group in the third quarter worth $305,000.
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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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