Triumph Group (TGI) Updates FY 2019 Earnings Guidance

Triumph Group (NYSE:TGI) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $1.50-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.88. The company issued revenue guidance of $3.3-3.4 billion, compared to the consensus revenue estimate of $3.36 billion.Triumph Group also updated its FY19 guidance to $1.50-2.10 EPS.

Several brokerages recently issued reports on TGI. ValuEngine raised shares of Triumph Group from a sell rating to a hold rating in a research note on Monday, July 30th. SunTrust Banks reissued a hold rating and set a $23.00 price objective on shares of Triumph Group in a research note on Friday, July 20th. UBS Group began coverage on shares of Triumph Group in a research note on Wednesday, August 15th. They set a sell rating and a $19.00 price objective on the stock. Barclays reduced their price objective on shares of Triumph Group from $28.00 to $23.00 and set an equal weight rating on the stock in a research note on Tuesday, September 4th. Finally, Zacks Investment Research raised shares of Triumph Group from a sell rating to a hold rating in a research note on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $24.50.

NYSE:TGI opened at $21.89 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.81 and a debt-to-equity ratio of 3.16. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.88 and a beta of 1.90. Triumph Group has a fifty-two week low of $16.80 and a fifty-two week high of $31.90.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Thursday, November 8th. The aerospace company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $855.11 million for the quarter, compared to the consensus estimate of $801.52 million. Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. Triumph Group’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities analysts predict that Triumph Group will post 1.85 earnings per share for the current fiscal year.

In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the transaction, the director now owns 107,662 shares of the company’s stock, valued at $2,368,564. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

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About Triumph Group

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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