Triumph Group Inc (TGI) Expected to Announce Quarterly Sales of $706.87 Million

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Wall Street brokerages forecast that Triumph Group Inc (NYSE:TGI) will report sales of $706.87 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Triumph Group’s earnings. The lowest sales estimate is $688.92 million and the highest is $735.00 million. Triumph Group reported sales of $832.90 million during the same quarter last year, which indicates a negative year over year growth rate of 15.1%. The business is scheduled to report its next earnings report on Wednesday, August 14th.

On average, analysts expect that Triumph Group will report full year sales of $2.86 billion for the current year, with estimates ranging from $2.83 billion to $2.90 billion. For the next year, analysts forecast that the company will report sales of $2.88 billion, with estimates ranging from $2.68 billion to $2.97 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 posted its earnings results on Wednesday, May 8th. The aerospace company reported $1.15 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 company had revenue of $869.03 million during the quarter, compared to analysts’ expectations of $842.57 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. Triumph Group’s revenue for the quarter was down 3.1% compared to the same quarter last year.

A number of research analysts have issued reports on TGI shares. Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and raised their price target for the stock from $20.00 to $35.00 in a report on Monday, February 11th. Cowen reaffirmed a “buy” rating and issued a $22.00 price target on shares of Triumph Group in a report on Thursday, February 7th. SunTrust Banks raised their price target on shares of Triumph Group to $25.00 and gave the stock a “hold” rating in a report on Friday, February 8th. Zacks Investment Research cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, ValuEngine cut shares of Triumph Group from a “hold” rating to a “sell” rating in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.66.

NYSE:TGI traded up $0.23 during midday trading on Tuesday, reaching $21.03. 323,209 shares of the stock traded hands, compared to its average volume of 750,292. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.76 and a beta of 2.77. Triumph Group has a 12-month low of $11.16 and a 12-month high of $26.00.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 31st will be issued a $0.04 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.76%. Triumph Group’s dividend payout ratio is currently 6.43%.

In other Triumph Group news, Director Joseph Silvestri sold 33,853 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.25, for a total value of $820,935.25. Following the completion of the transaction, the director now owns 47,662 shares of the company’s stock, valued at $1,155,803.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in shares of Triumph Group by 7.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,204 shares of the aerospace company’s stock worth $83,000 after acquiring an additional 507 shares during the period. Mason Street Advisors LLC increased its stake in shares of Triumph Group by 3.5% in the first quarter. Mason Street Advisors LLC now owns 16,016 shares of the aerospace company’s stock worth $305,000 after acquiring an additional 540 shares during the period. Piedmont Investment Advisors Inc. increased its stake in shares of Triumph Group by 5.2% in the first quarter. Piedmont Investment Advisors Inc. now owns 12,459 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 620 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Triumph Group by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,576 shares of the aerospace company’s stock worth $409,000 after acquiring an additional 782 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of Triumph Group by 32.8% in the first quarter. Advisor Group Inc. now owns 3,178 shares of the aerospace company’s stock worth $61,000 after acquiring an additional 785 shares during the period.

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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Earnings History and Estimates for Triumph Group (NYSE:TGI)

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