Triumph Group, Inc. (TGI) Expected to Post Q3 2018 Earnings of $0.71 Per Share
Triumph Group, Inc. (NYSE:TGI) – Equities researchers at SunTrust Banks issued their Q3 2018 earnings estimates for shares of Triumph Group in a research report issued on Wednesday. SunTrust Banks analyst M. Ciarmoli expects that the company will earn $0.71 per share for the quarter. SunTrust Banks has a “Hold” rating and a $34.00 price target on the stock. SunTrust Banks also issued estimates for Triumph Group’s Q4 2018 earnings at $1.02 EPS and FY2018 earnings at $2.01 EPS.
Other research analysts also recently issued reports about the company. ValuEngine upgraded Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group lowered their price objective on shares of Triumph Group from $40.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. BidaskClub cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Canaccord Genuity reissued a “hold” rating and set a $36.00 price objective (up from $30.00) on shares of Triumph Group in a research note on Thursday. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $33.00 price objective on shares of Triumph Group in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Triumph Group presently has a consensus rating of “Hold” and a consensus target price of C$33.00.
Triumph Group (NYSE:TGI) opened at C$31.40 on Monday. The company has a quick ratio of 0.42, a current ratio of 1.87 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $1,558.16, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76. Triumph Group has a twelve month low of C$19.65 and a twelve month high of C$34.80.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, November 8th. The company reported C$0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.32 by C$0.20. The company had revenue of C$745.16 million during the quarter, compared to the consensus estimate of C$787.90 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. Triumph Group’s revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS.
Institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its position in Triumph Group by 56.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the company’s stock worth $119,000 after purchasing an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in Triumph Group during the 2nd quarter worth $149,000. Sei Investments Co. boosted its position in Triumph Group by 51.6% during the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the company’s stock worth $167,000 after purchasing an additional 1,796 shares during the period. Acadian Asset Management LLC purchased a new stake in Triumph Group during the 2nd quarter worth $171,000. Finally, KCG Holdings Inc. purchased a new stake in Triumph Group during the 1st quarter worth $201,000. 99.75% of the stock is owned by hedge funds and other institutional investors.
About Triumph Group
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