Triumph Group Inc (NYSE:TGI) – Equities research analysts at Jefferies Financial Group reduced their Q2 2019 earnings estimates for shares of Triumph Group in a research report issued on Monday, August 13th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aerospace company will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.42. Jefferies Financial Group also issued estimates for Triumph Group’s FY2020 earnings at $2.30 EPS and FY2021 earnings at $3.10 EPS.

TGI has been the subject of several other reports. Royal Bank of Canada dropped their target price on shares of Triumph Group to $29.00 and set an “outperform” rating for the company in a research report on Friday, May 11th. Zacks Investment Research cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. SunTrust Banks restated a “hold” rating and issued a $27.00 target price on shares of Triumph Group in a research report on Monday, April 23rd. ValuEngine cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Finally, Vertical Research upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.60.

Shares of NYSE:TGI opened at $22.10 on Tuesday. The company has a market capitalization of $1.15 billion, a PE ratio of 8.78, a PEG ratio of 1.07 and a beta of 1.78. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of -6.64. Triumph Group has a 12 month low of $17.75 and a 12 month high of $34.58.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, August 8th. The aerospace company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The business had revenue of $832.90 million during the quarter, compared to analyst estimates of $805.88 million. During the same quarter last year, the firm earned $0.24 EPS. Triumph Group’s revenue for the quarter was up 6.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Stockholders of record on Friday, August 31st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, August 30th. Triumph Group’s payout ratio is presently 6.32%.

Large investors have recently modified their holdings of the company. Systematic Financial Management LP increased its position in Triumph Group by 5.3% during the 1st quarter. Systematic Financial Management LP now owns 52,455 shares of the aerospace company’s stock worth $1,322,000 after purchasing an additional 2,655 shares in the last quarter. Rhumbline Advisers increased its position in Triumph Group by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 2,816 shares in the last quarter. Barclays PLC increased its position in Triumph Group by 23.3% during the 1st quarter. Barclays PLC now owns 18,279 shares of the aerospace company’s stock worth $460,000 after purchasing an additional 3,450 shares in the last quarter. Raymond James Trust N.A. increased its position in Triumph Group by 35.6% during the 2nd quarter. Raymond James Trust N.A. now owns 13,400 shares of the aerospace company’s stock worth $263,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Swiss National Bank increased its position in Triumph Group by 4.6% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the aerospace company’s stock worth $2,177,000 after purchasing an additional 3,800 shares in the last quarter.

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

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