$0.50 EPS Expected for Triumph Group Inc (TGI) This Quarter
Brokerages expect Triumph Group Inc (NYSE:TGI) to post earnings per share of $0.50 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Triumph Group’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.36. Triumph Group reported earnings of $0.34 per share during the same quarter last year, which suggests a positive year over year growth rate of 47.1%. The firm is expected to announce its next earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Triumph Group will report full-year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.35 to $2.72. For the next fiscal year, analysts anticipate that the company will report earnings of $3.14 per share, with EPS estimates ranging from $2.75 to $3.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Triumph Group.
Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.47. Triumph Group had a negative net margin of 9.56% and a negative return on equity of 35.34%. The firm had revenue of $869.03 million during the quarter, compared to analyst estimates of $842.57 million. During the same quarter in the prior year, the business posted $1.01 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year.
NYSE:TGI opened at $21.84 on Friday. Triumph Group has a 12-month low of $11.16 and a 12-month high of $26.00. The stock has a market capitalization of $1.04 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 1.66 and a beta of 2.77.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 30th. Triumph Group’s payout ratio is 6.43%.
In other news, Director Joseph Silvestri sold 33,853 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.25, for a total transaction of $820,935.25. Following the completion of the sale, the director now owns 47,662 shares of the company’s stock, valued at $1,155,803.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential PLC increased its holdings in shares of Triumph Group by 10.2% during the fourth quarter. Prudential PLC now owns 1,115,500 shares of the aerospace company’s stock worth $12,828,000 after buying an additional 103,700 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Triumph Group during the first quarter worth approximately $20,313,000. Bank of New York Mellon Corp increased its holdings in shares of Triumph Group by 8.1% during the third quarter. Bank of New York Mellon Corp now owns 955,395 shares of the aerospace company’s stock worth $22,260,000 after buying an additional 71,514 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Triumph Group by 4.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the aerospace company’s stock worth $10,350,000 after buying an additional 40,000 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Triumph Group by 5.6% during the fourth quarter. Royce & Associates LP now owns 881,610 shares of the aerospace company’s stock worth $10,139,000 after buying an additional 46,810 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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