Triumph Group Inc (NYSE:TGI) Expected to Post Quarterly Sales of $452.69 Million

Equities analysts forecast that Triumph Group Inc (NYSE:TGI) will report $452.69 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Triumph Group’s earnings, with estimates ranging from $397.60 million to $504.09 million. Triumph Group posted sales of $772.11 million during the same quarter last year, which suggests a negative year over year growth rate of 41.4%. The firm is expected to announce its next quarterly earnings results on Thursday, November 5th.

On average, analysts expect that Triumph Group will report full year sales of $1.83 billion for the current year, with estimates ranging from $1.68 billion to $1.89 billion. For the next financial year, analysts forecast that the firm will post sales of $1.77 billion, with estimates ranging from $1.33 billion to $2.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Triumph Group.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.02). The business had revenue of $495.08 million for the quarter, compared to analysts’ expectations of $462.84 million. Triumph Group had a negative net margin of 12.14% and a negative return on equity of 12.76%.

A number of brokerages have recently commented on TGI. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $10.00 to $8.00 in a research report on Wednesday, August 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $8.00 target price on shares of Triumph Group in a research report on Thursday, August 6th. SunTrust Banks lowered shares of Triumph Group from a “hold” rating to a “sell” rating and set a $5.00 target price on the stock. in a research report on Wednesday, July 15th. ValuEngine lowered shares of Triumph Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Cowen reissued a “hold” rating and set a $5.00 price objective on shares of Triumph Group in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP lifted its stake in shares of Triumph Group by 58.6% during the second quarter. Two Sigma Advisers LP now owns 47,900 shares of the aerospace company’s stock worth $432,000 after buying an additional 17,700 shares during the period. Principal Financial Group Inc. increased its holdings in Triumph Group by 1.9% in the second quarter. Principal Financial Group Inc. now owns 387,256 shares of the aerospace company’s stock valued at $3,489,000 after buying an additional 7,273 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Triumph Group by 8.4% in the second quarter. Nuveen Asset Management LLC now owns 249,215 shares of the aerospace company’s stock valued at $2,245,000 after buying an additional 19,225 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Triumph Group by 9.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 342,491 shares of the aerospace company’s stock valued at $3,086,000 after buying an additional 28,385 shares in the last quarter. Finally, tru Independence LLC purchased a new position in Triumph Group in the second quarter valued at $328,000. 84.87% of the stock is currently owned by institutional investors and hedge funds.

NYSE TGI traded up $0.67 during trading on Friday, hitting $8.27. The stock had a trading volume of 2,401,419 shares, compared to its average volume of 1,676,587. The stock has a market capitalization of $430.64 million, a price-to-earnings ratio of -1.32 and a beta of 2.64. Triumph Group has a one year low of $3.02 and a one year high of $29.38. The stock has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $8.08.

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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