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.

TRADEMARK VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/21/jefferies-group-analysts-cut-earnings-estimates-for-triumph-group-inc-tgi.html.

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

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

Receive News & Stock Ratings for Triumph Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group Inc. and related stocks with our FREE daily email newsletter.