Jefferies Group Comments on Triumph Group, Inc.’s Q2 2018 Earnings (TGI)

Triumph Group, Inc. (NYSE:TGI) – Equities research analysts at Jefferies Group issued their Q2 2018 EPS estimates for shares of Triumph Group in a research note issued on Wednesday. Jefferies Group analyst S. Kahyaoglu expects that the aerospace company will earn $0.41 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $37.00 target price on the stock. Jefferies Group also issued estimates for Triumph Group’s Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $1.63 EPS, FY2019 earnings at $2.56 EPS and FY2020 earnings at $3.30 EPS.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada restated a “buy” rating and set a $35.00 target price on shares of Triumph Group in a report on Friday, May 19th. ValuEngine upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. TheStreet upgraded shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Canaccord Genuity raised their target price on shares of Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. Finally, Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.64.

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Triumph Group (NYSE:TGI) traded down 0.293% on Monday, hitting $25.525. 456,653 shares of the stock traded hands. The stock’s market capitalization is $1.27 billion. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The company’s 50 day moving average price is $31.37 and its 200-day moving average price is $27.69.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.87 by $0.63. The firm had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business’s revenue was down 12.5% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share.

Several institutional investors have recently modified their holdings of TGI. Sei Investments Co. boosted its position in shares of Triumph Group by 51.6% in the second quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after buying an additional 1,796 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Triumph Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 36,198 shares of the aerospace company’s stock valued at $1,144,000 after buying an additional 307 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Triumph Group by 2.5% in the second quarter. Great West Life Assurance Co. Can now owns 71,446 shares of the aerospace company’s stock valued at $2,254,000 after buying an additional 1,750 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Triumph Group by 6.5% in the second quarter. Janney Montgomery Scott LLC now owns 15,405 shares of the aerospace company’s stock valued at $487,000 after buying an additional 934 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Triumph Group by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,700 shares of the aerospace company’s stock valued at $370,000 after buying an additional 410 shares in the last quarter. 99.75% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. Triumph Group’s dividend payout ratio is currently -12.12%.

Triumph Group Company Profile

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

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