Jefferies Group Analysts Cut Earnings Estimates for Triumph Group, Inc. (TGI)
Triumph Group, Inc. (NYSE:TGI) – Research analysts at Jefferies Group decreased their FY2019 earnings per share estimates for Triumph Group in a report issued on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings per share of $2.75 for the year, down from their previous forecast of $2.85. Jefferies Group has a “Hold” rating and a $37.00 price target on the stock. Jefferies Group also issued estimates for Triumph Group’s FY2020 earnings at $3.20 EPS.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.63). Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The firm had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter last year, the business earned $1.04 earnings per share. The business’s quarterly revenue was down 12.5% on a year-over-year basis.
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Other equities research analysts have also issued reports about the company. ValuEngine raised Triumph Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group dropped their target price on Triumph Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. Canaccord Genuity increased their target price on Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. BidaskClub lowered Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Vertical Research raised Triumph Group from a “sell” rating to a “hold” rating and increased their target price for the stock from $24.00 to $31.00 in a research report on Wednesday, May 24th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.33.
Triumph Group (NYSE TGI) remained flat at $28.05 during trading on Wednesday. 390,212 shares of the company’s stock were exchanged. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80. The firm’s market cap is $1.39 billion. The firm’s 50-day moving average price is $26.72 and its 200 day moving average price is $27.67.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.57%. Triumph Group’s dividend payout ratio is currently -12.12%.
A number of hedge funds have recently made changes to their positions in TGI. Riverhead Capital Management LLC boosted its stake in Triumph Group by 56.8% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after buying an additional 1,363 shares in the last quarter. Bank of Montreal Can boosted its stake in Triumph Group by 8.0% during the first quarter. Bank of Montreal Can now owns 5,252 shares of the aerospace company’s stock valued at $135,000 after buying an additional 391 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Triumph Group during the second quarter valued at about $149,000. FNY Managed Accounts LLC bought a new position in Triumph Group during the first quarter valued at about $154,000. Finally, Sei Investments Co. boosted its stake in Triumph Group by 51.6% during 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. 99.75% of the stock is owned by institutional investors and hedge funds.
About Triumph Group
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