Analysts expect Triumph Group Inc (NYSE:TGI) to post sales of $705.08 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Triumph Group’s earnings. The lowest sales estimate is $697.02 million and the highest is $717.00 million. Triumph Group reported sales of $855.11 million during the same quarter last year, which would suggest a negative year over year growth rate of 17.5%. The business is scheduled to issue its next earnings report on Thursday, November 14th.
According to Zacks, analysts expect that Triumph Group will report full year sales of $2.85 billion for the current year, with estimates ranging from $2.80 billion to $2.87 billion. For the next year, analysts anticipate that the business will report sales of $2.91 billion, with estimates ranging from $2.75 billion to $3.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Triumph Group.
Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. The business had revenue of $730.20 million for the quarter, compared to analyst estimates of $700.19 million. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s revenue was down 12.3% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Triumph Group during the first quarter valued at $86,000. Private Capital Group LLC boosted its position in Triumph Group by 415.4% during the second quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 5,193 shares in the last quarter. Bank of Montreal Can boosted its position in Triumph Group by 134.4% during the second quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock valued at $183,000 after purchasing an additional 4,569 shares in the last quarter. Emerald Advisers LLC bought a new stake in Triumph Group during the second quarter valued at about $204,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Triumph Group during the first quarter valued at about $223,000.
TGI stock traded up $0.15 during midday trading on Friday, reaching $20.42. The company’s stock had a trading volume of 14,625 shares, compared to its average volume of 616,277. The stock has a fifty day simple moving average of $22.42 and a two-hundred day simple moving average of $22.00. Triumph Group has a 1 year low of $11.16 and a 1 year high of $26.00. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 1.67 and a beta of 2.78.
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. Triumph Group’s dividend payout ratio is currently 6.43%.
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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