Zacks: Analysts Anticipate Triumph Group, Inc. (NYSE:TGI) to Post $0.41 EPS

Equities analysts expect Triumph Group, Inc. (NYSE:TGIGet Rating) to post earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Triumph Group’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.47. Triumph Group posted earnings of $0.10 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 310%. The firm is expected to issue its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Triumph Group will report full year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.88. For the next year, analysts expect that the company will post earnings of $1.03 per share, with EPS estimates ranging from $0.68 to $1.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Triumph Group.

Several research analysts have recently weighed in on TGI shares. StockNews.com started coverage on Triumph Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Jefferies Financial Group upgraded Triumph Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $26.00 in a research note on Monday, February 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.17.

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in Triumph Group by 27.3% during the first quarter. Goldman Sachs Group Inc. now owns 923,120 shares of the aerospace company’s stock valued at $23,336,000 after purchasing an additional 198,126 shares during the period. Captrust Financial Advisors grew its holdings in Triumph Group by 141.0% during the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 1,698 shares during the period. State Street Corp grew its holdings in Triumph Group by 21.5% during the first quarter. State Street Corp now owns 3,908,637 shares of the aerospace company’s stock valued at $98,810,000 after purchasing an additional 690,551 shares during the period. Engineers Gate Manager LP bought a new stake in Triumph Group during the first quarter valued at about $909,000. Finally, Invesco Ltd. grew its holdings in Triumph Group by 19.2% during the first quarter. Invesco Ltd. now owns 558,483 shares of the aerospace company’s stock valued at $14,119,000 after purchasing an additional 90,150 shares during the period. Institutional investors own 95.71% of the company’s stock.

Shares of TGI stock traded down $0.05 during mid-day trading on Monday, hitting $20.59. The company’s stock had a trading volume of 533,434 shares, compared to its average volume of 660,604. Triumph Group has a 52-week low of $14.12 and a 52-week high of $27.85. The business has a 50-day moving average price of $24.15 and a 200 day moving average price of $21.63. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -11.63, a PEG ratio of 7.74 and a beta of 2.73.

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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