Wall Street analysts expect Triumph Group Inc (NYSE:TGI) to post $830.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Triumph Group’s earnings. The highest sales estimate is $862.02 million and the lowest is $778.20 million. Triumph Group reported sales of $919.91 million during the same quarter last year, which indicates a negative year over year growth rate of 9.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 23rd.
On average, analysts expect that Triumph Group will report full year sales of $830.45 million for the current financial year, with estimates ranging from $3.08 billion to $3.16 billion. For the next fiscal year, analysts forecast that the company will post 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 a mean average based on a survey of sell-side analysts that cover Triumph Group.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11. The company had revenue of $775.25 million during the quarter, compared to the consensus estimate of $769.08 million. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS.
In related news, Director Joseph Silvestri sold 3,670 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $27.95, for a total value of $102,576.50. Following the transaction, the director now directly owns 105,408 shares in the company, valued at approximately $2,946,153.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of TGI. Walthausen & Co. LLC bought a new position in shares of Triumph Group in the 3rd quarter worth $20,635,000. Teachers Advisors LLC lifted its holdings in shares of Triumph Group by 25.8% in the 4th quarter. Teachers Advisors LLC now owns 2,067,926 shares of the aerospace company’s stock worth $56,248,000 after purchasing an additional 424,142 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Triumph Group in the 4th quarter worth $9,686,000. BlackRock Inc. lifted its holdings in shares of Triumph Group by 4.6% in the 4th quarter. BlackRock Inc. now owns 8,099,178 shares of the aerospace company’s stock worth $220,298,000 after purchasing an additional 355,869 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Triumph Group by 11.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,874,646 shares of the aerospace company’s stock valued at $85,522,000 after acquiring an additional 300,883 shares in the last quarter.
Shares of Triumph Group (NYSE:TGI) traded up $0.05 during mid-day trading on Wednesday, hitting $26.90. 439,517 shares of the stock traded hands, compared to its average volume of 583,506. The firm has a market cap of $1,333.69, a P/E ratio of -5.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.69. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The company has a current ratio of 1.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.82.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Triumph Group’s dividend payout ratio is currently -3.19%.
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Triumph Group Company Profile
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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