Triumph Group (NYSE:TGI) Updates FY20 Earnings Guidance

Triumph Group (NYSE:TGI) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.35-2.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.51. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.86 billion.Triumph Group also updated its FY 2020 guidance to $2.35-2.95 EPS.

A number of brokerages have recently issued reports on TGI. Zacks Investment Research raised shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Monday, July 8th. ValuEngine cut shares of United Rentals from a sell rating to a strong sell rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $24.38.

Shares of NYSE:TGI traded up $2.54 during midday trading on Wednesday, reaching $24.50. 337,017 shares of the company were exchanged, compared to its average volume of 340,079. The company’s fifty day moving average is $21.62. Triumph Group has a one year low of $11.16 and a one year high of $26.00. The firm has a market capitalization of $1.11 billion, a PE ratio of 9.84, a PEG ratio of 1.86 and a beta of 2.76.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. Triumph Group had a negative net margin of 9.56% and a negative return on equity of 35.34%. The firm had revenue of $730.20 million during the quarter, compared to analyst estimates of $700.19 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. Triumph Group’s revenue for the quarter was down 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that Triumph Group will post 2.5 earnings per share for the current year.

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

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