Triumph Group, Inc. (NYSE:TGI) – Research analysts at SunTrust Banks decreased their FY2018 earnings estimates for shares of Triumph Group in a research note issued on Wednesday. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will post earnings per share of $2.44 for the year, down from their prior forecast of $2.47. SunTrust Banks has a “Hold” rating and a $28.00 price target on the stock.
Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.63). Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The firm had revenue of $781.70 million for the quarter, compared to the consensus estimate of $804.26 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The company’s revenue was down 12.5% on a year-over-year basis.
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Other research analysts have also issued reports about the stock. Cowen and Company reiterated a “market perform” rating and issued a $24.00 price objective (down from $32.00) on shares of Triumph Group in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 price objective on shares of Triumph Group in a research note on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 price objective on shares of Triumph Group in a research note on Friday, September 8th. Bank of America Corporation reiterated an “underperform” rating and issued a $27.00 price objective (down from $30.00) on shares of Triumph Group in a research note on Saturday, August 26th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $34.00 price objective on shares of Triumph Group in a research note on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.00.
Shares of Triumph Group (NYSE:TGI) traded up 2.22% during midday trading on Thursday, hitting $32.20. The stock had a trading volume of 596,258 shares. Triumph Group has a 52 week low of $19.65 and a 52 week high of $34.80. The stock’s 50-day moving average price is $29.27 and its 200 day moving average price is $28.55. The company’s market cap is $1.60 billion.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its stake in Triumph Group by 56.8% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 1,363 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Triumph Group during the second quarter worth about $149,000. FNY Managed Accounts LLC bought a new stake in Triumph Group during the first quarter worth about $154,000. Sei Investments Co. boosted its stake in Triumph Group by 51.6% during the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 1,796 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Triumph Group during the second quarter worth about $171,000. Institutional investors own 99.75% of the company’s stock.
About Triumph Group
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