$793.59 Million in Sales Expected for Triumph Group Inc (TGI) This Quarter

Analysts expect Triumph Group Inc (NYSE:TGI) to announce $793.59 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 $808.10 million and the lowest is $772.99 million. Triumph Group posted sales of $745.16 million during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The company is scheduled to issue its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Triumph Group will report full-year sales of $3.36 billion for the current year, with estimates ranging from $3.34 billion to $3.39 billion. For the next year, analysts expect that the business will post sales of $3.48 billion per share, with estimates ranging from $3.44 billion to $3.52 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Triumph Group.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 8th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The business had revenue of $832.90 million for the quarter, compared to the consensus estimate of $805.88 million. Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. Triumph Group’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS.

Several research firms recently issued reports on TGI. ValuEngine raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Canaccord Genuity restated a “hold” rating and set a $26.00 price target on shares of Triumph Group in a research report on Wednesday, August 8th. SunTrust Banks restated a “hold” rating and set a $23.00 price target on shares of Triumph Group in a research report on Friday, July 20th. Bank of America lowered their price target on Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 15th. Finally, Barclays lowered their price target on Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.00.

NYSE:TGI traded up $0.30 during trading hours on Thursday, hitting $23.35. 1,325,550 shares of the company’s stock traded hands, compared to its average volume of 446,591. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.95 and a beta of 1.78. Triumph Group has a 52 week low of $17.75 and a 52 week high of $34.58. The company has a debt-to-equity ratio of -6.64, a quick ratio of 0.81 and a current ratio of 1.23.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Friday, August 31st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. Triumph Group’s payout ratio is 6.32%.

In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the sale, the director now owns 107,662 shares in the company, valued at $2,368,564. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGI. Swiss National Bank increased its holdings in shares of Triumph Group by 4.6% in the first quarter. Swiss National Bank now owns 86,400 shares of the aerospace company’s stock worth $2,177,000 after buying an additional 3,800 shares during the period. Systematic Financial Management LP increased its holdings in shares of Triumph Group by 5.3% in the first quarter. Systematic Financial Management LP now owns 52,455 shares of the aerospace company’s stock worth $1,322,000 after buying an additional 2,655 shares during the period. BlackRock Inc. increased its holdings in shares of Triumph Group by 3.6% in the first quarter. BlackRock Inc. now owns 8,393,116 shares of the aerospace company’s stock worth $211,508,000 after buying an additional 293,938 shares during the period. Personal Capital Advisors Corp increased its holdings in shares of Triumph Group by 36.7% in the first quarter. Personal Capital Advisors Corp now owns 114,074 shares of the aerospace company’s stock worth $2,875,000 after buying an additional 30,650 shares during the period. Finally, Heartland Advisors Inc. increased its holdings in shares of Triumph Group by 4.8% in the first quarter. Heartland Advisors Inc. now owns 366,800 shares of the aerospace company’s stock worth $9,243,000 after buying an additional 16,800 shares during the period.

About Triumph Group

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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