Triumph Group (TGI) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
Triumph Group (NYSE:TGI) released its quarterly earnings data on Thursday. The aerospace company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.11, Bloomberg Earnings reports. The business had revenue of $775.25 million during the quarter, compared to analysts’ expectations of $769.08 million. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Triumph Group updated its Q3 guidance to $2.25-2.75 EPS.
Shares of Triumph Group (NYSE TGI) opened at $27.65 on Friday. Triumph Group has a fifty-two week low of $19.65 and a fifty-two week high of $34.80. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42. The firm has a market capitalization of $1,447.21 and a PE ratio of -12.98.
In other news, Director Joseph Silvestri sold 34,162 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the sale, the director now directly owns 109,078 shares of the company’s stock, valued at approximately $3,306,154.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel J. Crowley sold 78,900 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.35, for a total value of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.
Several research analysts have recently issued reports on the company. Royal Bank of Canada set a $37.00 price objective on Triumph Group and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised Triumph Group from a “sell” rating to a “hold” rating and set a $32.00 price objective for the company in a research report on Saturday, January 20th. TheStreet cut Triumph Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. Canaccord Genuity reaffirmed a “hold” rating and set a $36.00 price objective (up from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. Finally, Cowen reaffirmed a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.80.
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About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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