Analysts expect Triumph Group, Inc. (NYSE:TGI) to announce $370.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Triumph Group’s earnings, with the highest sales estimate coming in at $386.00 million and the lowest estimate coming in at $357.70 million. Triumph Group reported sales of $495.08 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 25.1%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, August 4th.
According to Zacks, analysts expect that Triumph Group will report full-year sales of $1.55 billion for the current financial year, with estimates ranging from $1.49 billion to $1.59 billion. For the next financial year, analysts expect that the firm will report sales of $1.58 billion, with estimates ranging from $1.44 billion to $1.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Triumph Group.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, May 19th. The aerospace company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Triumph Group had a negative return on equity of 2.74% and a negative net margin of 24.20%. The company had revenue of $466.80 million for the quarter, compared to analyst estimates of $437.15 million. During the same period in the prior year, the firm earned $0.69 earnings per share. Triumph Group’s revenue for the quarter was down 32.7% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in TGI. Cannell Peter B & Co. Inc. purchased a new stake in shares of Triumph Group during the 1st quarter valued at $26,846,000. Victory Capital Management Inc. purchased a new stake in shares of Triumph Group during the 1st quarter valued at $19,893,000. SummerHaven Investment Management LLC purchased a new stake in shares of Triumph Group during the 4th quarter valued at $614,000. Morgan Stanley increased its position in shares of Triumph Group by 268.9% during the 4th quarter. Morgan Stanley now owns 766,045 shares of the aerospace company’s stock valued at $9,622,000 after purchasing an additional 558,406 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Triumph Group by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,514,430 shares of the aerospace company’s stock valued at $138,115,000 after purchasing an additional 557,848 shares during the last quarter. 89.46% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:TGI traded down $0.63 during trading on Friday, reaching $18.79. 432,621 shares of the stock were exchanged, compared to its average volume of 977,584. Triumph Group has a 1-year low of $5.96 and a 1-year high of $22.71. The stock has a fifty day moving average price of $19.38.
Triumph Group Company Profile
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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