$ 0.03 per share earnings expected for Triumph Group, Inc. (NYSE: TGI) this quarter
Wall Street analysts predict that Triumph Group, Inc. (NYSE: TGI) will report $ 0.03 in earnings per share for the current fiscal quarter, reports Zacks Investment Research. Four analysts provided revenue estimates for Triumph Group, with estimates ranging from ($ 0.05) to $ 0.10. Triumph Group posted earnings of ($ 0.19) per share for the same quarter last year, suggesting a positive year-over-year growth rate of 115.8%. The company is expected to announce its next earnings report on Tuesday, August 3.
According to Zacks, analysts predict that Triumph Group will report annual earnings of $ 0.59 per share for the current fiscal year, with EPS estimates ranging from $ 0.30 to $ 0.85. For the next fiscal year, analysts predict the company will post earnings of $ 0.95 per share, with EPS estimates ranging from $ 0.74 to $ 1.21. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who provide coverage for Triumph Group.
Triumph Group (NYSE: TGI) last reported its quarterly results on Wednesday, May 19. The aerospace company reported earnings per share (EPS) of $ 0.10 for the quarter, beating the consensus estimate of $ 0.08 by $ 0.02. Triumph Group recorded a negative return on equity of 2.74% and a negative net margin of 24.20%. The company posted revenue of $ 466.80 million in the quarter, compared to a consensus estimate of $ 437.15 million. During the same period of the previous year, the company made a profit of $ 0.69 per share. The company’s revenue for the quarter was down 32.7% from the same quarter last year.
TGI has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed the “buy” rating of Triumph Group shares in a report released on Thursday, June 3. Bank of America raised Triumph Group from a “neutral” rating to a “buy” rating in a report released Thursday, March 4. Two equity research analysts gave the stock a sell rating, two gave the company a conservation rating, and four gave the company a buy rating. The company currently has an average rating of “Hold” and an average target price of $ 13.43.
Several institutional investors and hedge funds have recently increased or reduced their holdings in TGI. SG Americas Securities LLC acquired a new stake in the shares of Triumph Group in the fourth quarter valued at approximately $ 389,000. The Swiss National Bank increased its stake in the shares of the Triumph Group by 1.7% in the fourth quarter. The Swiss National Bank now owns 117,700 shares of the aerospace company valued at $ 1,478,000 after purchasing an additional 2,000 shares during the period. Aperio Group LLC increased its stake in Triumph Group shares by 6.6% during the fourth quarter. Aperio Group LLC now owns 69,008 shares of the aerospace company valued at $ 867,000 after purchasing an additional 4,279 shares during the period. BlackRock Inc. increased its stake in Triumph Group shares by 7.4% during the fourth quarter. BlackRock Inc. now owns 8,383,552 shares of the aerospace company valued at $ 105,298,000 after purchasing an additional 580,134 shares during the period. Finally, Royce & Associates LP increased its stake in Triumph Group by 24.1% during the 4th quarter. Royce & Associates LP now owns 540,066 shares of the aerospace company valued at $ 6,783,000 after acquiring 104,915 additional shares during the period.
Triumph Group shares opened at $ 21.25 on Wednesday. Triumph Group has a one-year low at $ 5.96 and a one-year high at $ 21.96. The stock has a 50-day simple moving average of $ 18.13. The company has a market cap of $ 1.36 billion, a P / E ratio of -2.48, a P / E / G ratio of 15.09 and a beta of 3.27.
About the Triumph Group
Triumph Group, Inc designs, designs, manufactures, repairs, overhauls and distributes aerostructures, aircraft components, accessories, subassemblies and systems worldwide. It operates in the Systems and Support and Aerospace Structures segments. The company offers aircraft and engine mounted accessory drives, thermal control systems and components, load hooks, high lift actuators, cockpit control levers, hydraulic systems and components, bodies control system valve, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, exhaust nozzles and ducts, main engine gearbox assemblies, Gear transmissions and transmission components, main fuel pumps, fuel metering units, secondary flight control systems and vibration dampers.
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