$830.45 Million in Sales Expected for Triumph Group (TGI) This Quarter

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.

TGI has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Triumph Group in a research report on Friday, February 2nd. Barclays initiated coverage on shares of Triumph Group in a research report on Thursday, March 29th. They set an “equal weight” rating and a $28.00 price target on the stock. Zacks Investment Research raised shares of Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price target on the stock in a research report on Saturday, January 20th. Finally, TheStreet lowered shares of Triumph Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Triumph Group currently has an average rating of “Hold” and an average price target of $32.36.

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.

WARNING: This piece of content was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.wkrb13.com/2018/04/23/830-45-million-in-sales-expected-for-triumph-group-tgi-this-quarter.html.

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.

Get a free copy of the Zacks research report on Triumph Group (TGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply