$375.12 Million in Sales Expected for Triumph Group, Inc. (NYSE:TGI) This Quarter

Analysts expect Triumph Group, Inc. (NYSE:TGI) to post $375.12 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Triumph Group’s earnings. The highest sales estimate is $387.75 million and the lowest is $364.70 million. Triumph Group reported sales of $425.99 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.9%. The firm is expected to issue its next earnings results on Wednesday, February 2nd.

On average, analysts expect that Triumph Group will report full year sales of $1.54 billion for the current financial year, with estimates ranging from $1.54 billion to $1.55 billion. For the next financial year, analysts forecast that the company will report sales of $1.59 billion, with estimates ranging from $1.42 billion to $1.70 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Triumph Group.

Triumph Group (NYSE:TGI) last announced its earnings results on Tuesday, November 9th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $357.40 million during the quarter, compared to analysts’ expectations of $375.88 million. Triumph Group had a negative net margin of 10.99% and a negative return on equity of 2.58%. The firm’s revenue for the quarter was down 25.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) EPS.

TGI has been the subject of several research analyst reports. Barclays boosted their target price on Triumph Group from $17.00 to $20.00 and gave the stock an “underweight” rating in a research note on Monday, November 15th. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “sell” rating and set a $21.00 price objective for the company. in a research note on Tuesday, October 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.29.

TGI traded down $0.50 during midday trading on Friday, hitting $16.25. The company had a trading volume of 570,954 shares, compared to its average volume of 829,300. The company has a market capitalization of $1.05 billion, a PE ratio of -5.11, a P/E/G ratio of 11.89 and a beta of 3.11. Triumph Group has a twelve month low of $10.53 and a twelve month high of $24.53. The firm’s 50-day simple moving average is $19.85 and its 200-day simple moving average is $19.27.

A number of large investors have recently added to or reduced their stakes in the business. Balyasny Asset Management LLC acquired a new stake in Triumph Group during the 3rd quarter valued at approximately $2,200,000. Comerica Bank increased its position in Triumph Group by 3.0% during the 3rd quarter. Comerica Bank now owns 58,525 shares of the aerospace company’s stock valued at $1,175,000 after purchasing an additional 1,709 shares during the period. American International Group Inc. increased its position in Triumph Group by 16.7% during the 3rd quarter. American International Group Inc. now owns 40,056 shares of the aerospace company’s stock valued at $746,000 after purchasing an additional 5,720 shares during the period. Bank of New York Mellon Corp increased its position in Triumph Group by 9.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 691,142 shares of the aerospace company’s stock valued at $12,875,000 after purchasing an additional 59,156 shares during the period. Finally, Gyon Technologies Capital Management LP acquired a new stake in Triumph Group during the 3rd quarter valued at approximately $317,000. 90.54% of the stock is owned by institutional investors and hedge funds.

About Triumph Group

Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.

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

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