Triumph Group (NYSE:TGI) Posts Earnings Results, Beats Estimates By $0.17 EPS

Triumph Group (NYSE:TGI) issued its quarterly earnings data on Wednesday. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17, Zacks reports. The firm had revenue of $377.90 million during the quarter, compared to analysts’ expectations of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share.

Triumph Group Stock Up 0.5%

NYSE:TGI opened at $25.81 on Friday. The company has a fifty day moving average of $25.31 and a 200 day moving average of $22.63. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.86. The firm has a market capitalization of $2.00 billion, a P/E ratio of 3.58 and a beta of 2.34.

Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in shares of Triumph Group in the 1st quarter worth about $134,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Triumph Group by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,658 shares of the aerospace company’s stock worth $1,106,000 after acquiring an additional 1,946 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Triumph Group by 9.8% in the 1st quarter. Intech Investment Management LLC now owns 63,761 shares of the aerospace company’s stock worth $1,616,000 after acquiring an additional 5,710 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Triumph Group by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,555 shares of the aerospace company’s stock worth $5,716,000 after acquiring an additional 33,689 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TGI shares. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Wall Street Zen assumed coverage on shares of Triumph Group in a report on Tuesday, May 20th. They set a “hold” rating on the stock. Finally, Robert W. Baird restated a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.63.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.