Zacks: Brokerages Expect Triumph Group Inc (TGI) Will Post Earnings of $1.01 Per Share

Equities analysts expect Triumph Group Inc (NYSE:TGI) to report $1.01 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Triumph Group’s earnings. The highest EPS estimate is $1.18 and the lowest is $0.88. Triumph Group reported earnings of ($2.57) per share in the same quarter last year, which indicates a positive year over year growth rate of 139.3%. The firm is expected to announce its next earnings report on Wednesday, May 23rd.

On average, analysts expect that Triumph Group will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.70. For the next year, analysts expect that the company will report earnings of $2.69 per share, with EPS estimates ranging from $2.05 to $2.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Triumph Group.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.11. Triumph Group had a positive return on equity of 27.59% and a negative net margin of 7.68%. The firm 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 posted $1.01 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis.

A number of brokerages have recently commented on TGI. SunTrust Banks lifted their price target on Triumph Group to $34.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Triumph Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Canaccord Genuity reissued a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. TheStreet lowered Triumph Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price target (up from $38.00) on shares of Triumph Group in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.80.

Shares of Triumph Group (NYSE TGI) traded up $0.60 during mid-day trading on Wednesday, hitting $24.80. The stock had a trading volume of 1,000,000 shares, compared to its average volume of 586,803. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The firm has a market capitalization of $1,260.00, a price-to-earnings ratio of -4.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.75. The company has a quick ratio of 0.42, a current ratio of 1.84 and a debt-to-equity ratio of 1.82.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. Triumph Group’s dividend payout ratio (DPR) is -3.19%.

In other news, Director Joseph Silvestri sold 34,162 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the transaction, the director now directly owns 109,078 shares in the company, valued at $3,306,154.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel J. Crowley sold 78,900 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Triumph Group by 4.6% during the fourth quarter. BlackRock Inc. now owns 8,099,178 shares of the aerospace company’s stock worth $220,298,000 after acquiring an additional 355,869 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 11.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,874,646 shares of the aerospace company’s stock worth $85,522,000 after acquiring an additional 300,883 shares during the last quarter. Towle & Co. raised its position in shares of Triumph Group by 3.7% during the third quarter. Towle & Co. now owns 1,176,336 shares of the aerospace company’s stock worth $34,996,000 after acquiring an additional 42,214 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Triumph Group by 6.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 870,000 shares of the aerospace company’s stock worth $25,883,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Triumph Group by 11.7% in the third quarter. Stifel Financial Corp now owns 842,877 shares of the aerospace company’s stock worth $25,084,000 after purchasing an additional 88,150 shares in the last quarter.

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Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

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

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