Wall Street analysts predict that Triumph Group Inc (NYSE:TGI) will post sales of $704.91 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Triumph Group’s earnings. The highest sales estimate is $735.00 million and the lowest is $688.92 million. Triumph Group posted sales of $832.90 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that Triumph Group will report full year sales of $2.86 billion for the current financial year, with estimates ranging from $2.83 billion to $2.90 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.88 billion, with estimates ranging from $2.68 billion to $2.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Triumph Group.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.47. Triumph Group had a negative net margin of 9.56% and a negative return on equity of 35.34%. The firm had revenue of $869.03 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same period in the previous year, the company earned $1.01 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year.
A number of research firms have recently commented on TGI. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday, July 8th. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Triumph Group currently has an average rating of “Hold” and a consensus target price of $24.38.
A number of hedge funds have recently made changes to their positions in TGI. Victory Capital Management Inc. bought a new position in Triumph Group during the first quarter worth $20,313,000. New York State Common Retirement Fund increased its position in Triumph Group by 1,289.8% during the fourth quarter. New York State Common Retirement Fund now owns 754,668 shares of the aerospace company’s stock worth $8,679,000 after acquiring an additional 700,368 shares during the period. Norges Bank bought a new position in Triumph Group during the fourth quarter worth $1,958,000. Nomura Holdings Inc. bought a new position in Triumph Group during the fourth quarter worth $1,441,000. Finally, Prudential PLC increased its position in Triumph Group by 10.2% during the fourth quarter. Prudential PLC now owns 1,115,500 shares of the aerospace company’s stock worth $12,828,000 after acquiring an additional 103,700 shares during the period.
Shares of NYSE:TGI traded up $0.18 during trading on Friday, reaching $23.28. The stock had a trading volume of 284,329 shares, compared to its average volume of 545,687. Triumph Group has a 52 week low of $11.16 and a 52 week high of $26.00. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 1.87 and a beta of 2.75. The firm’s fifty day moving average is $20.82.
The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Friday, May 31st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, May 30th. Triumph Group’s dividend payout ratio is 6.43%.
Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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