Triumph Group, Inc. (NYSE:TGI) Expected to Announce Quarterly Sales of $412.58 Million

Brokerages expect Triumph Group, Inc. (NYSE:TGI – Get Rating) to report $412.58 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Triumph Group’s earnings, with the lowest sales estimate coming in at $399.87 million and the highest estimate coming in at $421.90 million. Triumph Group posted sales of $466.83 million in the same quarter last year, which suggests a negative year over year growth rate of 11.6%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Triumph Group will report full year sales of $1.49 billion for the current fiscal year, with estimates ranging from $1.47 billion to $1.50 billion. For the next fiscal year, analysts expect that the business will post sales of $1.43 billion, with estimates ranging from $1.36 billion to $1.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Triumph Group.

Triumph Group (NYSE:TGI – Get Rating) last announced its quarterly earnings results on Wednesday, February 9th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Triumph Group had a negative net margin of 6.86% and a negative return on equity of 3.86%. The company had revenue of $319.25 million during the quarter, compared to the consensus estimate of $368.80 million. During the same quarter last year, the firm earned $0.09 earnings per share.

A number of research firms recently weighed in on TGI. Jefferies Financial Group upgraded shares of Triumph Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $26.00 in a research note on Monday, February 14th. StockNews.com initiated coverage on shares of Triumph Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.17.

Several hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new position in Triumph Group in the first quarter worth approximately $25,000. Royal Bank of Canada increased its stake in Triumph Group by 128.2% in the 2nd quarter. Royal Bank of Canada now owns 6,046 shares of the aerospace company’s stock valued at $125,000 after buying an additional 3,396 shares during the period. AdvisorShares Investments LLC acquired a new position in Triumph Group in the 1st quarter valued at $179,000. Nisa Investment Advisors LLC increased its stake in Triumph Group by 5.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the aerospace company’s stock valued at $200,000 after buying an additional 600 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in Triumph Group by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 9,311 shares of the aerospace company’s stock valued at $235,000 after buying an additional 484 shares during the period. Hedge funds and other institutional investors own 95.71% of the company’s stock.

NYSE:TGI opened at $20.28 on Wednesday. Triumph Group has a 12 month low of $14.12 and a 12 month high of $27.85. The company has a market cap of $1.31 billion, a P/E ratio of -11.46, a PEG ratio of 8.15 and a beta of 2.73. The stock has a 50 day moving average of $24.40.

Triumph Group Company Profile (Get Rating)

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Aerospace Structures. 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, exhaust nozzles and ducting, 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.

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