Triumph Group (NYSE:TGI) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $1.50-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.86. The company issued revenue guidance of ~$3.3-3.4 billion, compared to the consensus revenue estimate of $3.36 billion.Triumph Group also updated its FY 2019 guidance to $1.50-2.10 EPS.
Several equities research analysts have issued reports on TGI shares. UBS Group started coverage on shares of Triumph Group in a research report on Wednesday, August 15th. They set a sell rating and a $19.00 target price for the company. Zacks Investment Research lowered shares of Triumph Group from a hold rating to a sell rating in a research report on Wednesday, October 10th. ValuEngine upgraded shares of Triumph Group from a strong sell rating to a sell rating in a research report on Tuesday. Canaccord Genuity reiterated a hold rating and set a $26.00 target price on shares of Triumph Group in a research report on Wednesday, August 8th. Finally, Barclays dropped their target price on shares of Triumph Group from $28.00 to $23.00 and set an equal weight rating for the company in a research report on Tuesday, September 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $24.50.
Shares of Triumph Group stock opened at $21.89 on Friday. Triumph Group has a 1 year low of $16.80 and a 1 year high of $31.90. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.88 and a beta of 1.90. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.23 and a quick ratio of 0.81.
Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, November 8th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $855.11 million during the quarter, compared to analyst estimates of $801.52 million. Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. Triumph Group’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. Equities research analysts predict that Triumph Group will post 1.85 earnings per share for the current fiscal year.
In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the transaction, the director now directly owns 107,662 shares of the company’s stock, valued at $2,368,564. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.
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Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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