Brokerages predict that Triumph Group (NYSE:TGI) will post $830.45 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Triumph Group’s earnings, with the highest sales estimate coming in at $862.02 million and the lowest estimate coming in at $778.20 million. Triumph Group reported sales of $919.91 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.7%. The business is expected to announce its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Triumph Group will report full-year sales of $3.14 billion for the current year, with estimates ranging from $3.10 billion to $3.16 billion. For the next fiscal year, analysts expect that the business will post sales of $3.23 billion per share, with estimates ranging from $3.10 billion to $3.46 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Triumph Group.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The business had revenue of $775.25 million for the quarter, compared to analyst estimates of $769.08 million. During the same period last year, the firm earned $1.01 earnings per share. Triumph Group’s revenue for the quarter was down 8.2% compared to the same quarter last year.
In other Triumph Group news, Director Joseph Silvestri sold 3,670 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $27.95, for a total transaction of $102,576.50. Following the sale, the director now directly owns 105,408 shares in the company, valued at $2,946,153.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TGI. Ameriprise Financial Inc. grew its stake in Triumph Group by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 344,384 shares of the aerospace company’s stock worth $10,245,000 after buying an additional 13,758 shares in the last quarter. American International Group Inc. grew its stake in Triumph Group by 5.7% during the third quarter. American International Group Inc. now owns 38,773 shares of the aerospace company’s stock worth $1,153,000 after buying an additional 2,102 shares in the last quarter. Legal & General Group Plc grew its stake in Triumph Group by 2.8% during the third quarter. Legal & General Group Plc now owns 142,919 shares of the aerospace company’s stock worth $4,255,000 after buying an additional 3,871 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Triumph Group by 6.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 605,743 shares of the aerospace company’s stock valued at $18,021,000 after purchasing an additional 34,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Triumph Group by 11.7% in 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 purchasing an additional 300,883 shares in the last quarter.
NYSE:TGI traded down $0.90 during mid-day trading on Tuesday, reaching $25.35. 531,154 shares of the company’s stock were exchanged, compared to its average volume of 528,398. Triumph Group has a one year low of $19.65 and a one year high of $34.80. The firm has a market cap of $1,259.19, a price-to-earnings ratio of 5.50, a P/E/G ratio of 0.79 and a beta of 1.69. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 1.84.
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About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates through four segments: Integrated Systems, Aerospace Structures, Precision Components, and Product Support.
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