Brokerages Anticipate Triumph Group Inc (TGI) Will Post Quarterly Sales of $831.47 Million
Equities analysts predict that Triumph Group Inc (NYSE:TGI) will announce $831.47 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Triumph Group’s earnings. The highest sales estimate is $845.28 million and the lowest is $815.60 million. Triumph Group reported sales of $896.86 million in the same quarter last year, which indicates a negative year-over-year growth rate of 7.3%. The company is expected to report its next earnings results on Thursday, May 9th.
On average, analysts expect that Triumph Group will report full-year sales of $3.33 billion for the current financial year, with estimates ranging from $3.31 billion to $3.34 billion. For the next financial year, analysts anticipate that the company will report sales of $2.86 billion, with estimates ranging from $2.78 billion to $2.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Triumph Group.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $807.90 million for the quarter, compared to the consensus estimate of $829.37 million. Triumph Group had a negative return on equity of 149.35% and a negative net margin of 12.41%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS.
In related news, Director Joseph Silvestri sold 11,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $22.65, for a total value of $249,150.00. Following the transaction, the director now directly owns 97,662 shares of the company’s stock, valued at approximately $2,212,044.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 66,853 shares of company stock worth $1,578,285. 1.50% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new stake in shares of Triumph Group during the 4th quarter worth about $213,000. FMR LLC boosted its position in shares of Triumph Group by 16.4% during the 3rd quarter. FMR LLC now owns 21,310 shares of the aerospace company’s stock valued at $497,000 after purchasing an additional 3,000 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Triumph Group during the 3rd quarter valued at about $380,000. Legal & General Group Plc boosted its position in shares of Triumph Group by 7.8% during the 3rd quarter. Legal & General Group Plc now owns 149,762 shares of the aerospace company’s stock valued at $3,469,000 after purchasing an additional 10,835 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in shares of Triumph Group by 52.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 36,822 shares of the aerospace company’s stock valued at $858,000 after purchasing an additional 12,740 shares in the last quarter.
Shares of TGI stock traded up $0.59 on Friday, reaching $21.87. The stock had a trading volume of 295,141 shares, compared to its average volume of 828,737. The company has a market cap of $1.07 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 2.09 and a beta of 2.69. Triumph Group has a 1 year low of $11.16 and a 1 year high of $27.05.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.73%. Triumph Group’s dividend payout ratio is currently 6.32%.
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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