Triumph Group, Inc. (NYSE:TGI) – Investment analysts at Truist Securiti raised their Q3 2022 earnings per share (EPS) estimates for shares of Triumph Group in a research report issued on Tuesday, November 9th. Truist Securiti analyst M. Ciarmoli now anticipates that the aerospace company will earn $0.27 per share for the quarter, up from their previous forecast of $0.15. Truist Securiti also issued estimates for Triumph Group’s FY2022 earnings at $0.73 EPS and FY2023 earnings at $1.24 EPS. Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Tuesday, November 9th. The aerospace company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $357.40 million for the quarter, compared to analyst estimates of $375.88 million. Triumph Group had a negative return on equity of 1.28% and a negative net margin of 11.60%. Triumph Group’s quarterly revenue was down 25.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share.
Several other research analysts have also commented on the stock. Credit Suisse Group increased their price target on shares of Triumph Group from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 5th. Zacks Investment Research cut Triumph Group from a “hold” rating to a “sell” rating and set a $21.00 price target for the company. in a research report on Tuesday, October 26th. Finally, UBS Group raised Triumph Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $18.14.
Shares of Triumph Group stock opened at $22.56 on Friday. The stock has a 50-day simple moving average of $19.44 and a 200-day simple moving average of $18.98. Triumph Group has a 52-week low of $8.87 and a 52-week high of $24.53. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -6.13, a P/E/G ratio of 19.19 and a beta of 3.12.
In related news, Director Richard A. Goglia sold 24,788 shares of the firm’s stock in a transaction on Friday, August 20th. The stock was sold at an average price of $17.49, for a total value of $433,542.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in TGI. FMR LLC lifted its position in shares of Triumph Group by 76.5% during the 2nd quarter. FMR LLC now owns 5,317,852 shares of the aerospace company’s stock worth $110,345,000 after buying an additional 2,305,219 shares during the period. Vanguard Group Inc. grew its holdings in shares of Triumph Group by 16.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,027,994 shares of the aerospace company’s stock worth $104,331,000 after purchasing an additional 717,808 shares during the last quarter. BlackRock Inc. increased its position in shares of Triumph Group by 7.6% during the 3rd quarter. BlackRock Inc. now owns 9,557,460 shares of the aerospace company’s stock worth $178,054,000 after purchasing an additional 676,901 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Triumph Group in the first quarter valued at about $9,285,000. Institutional investors own 90.54% of the company’s stock.
Triumph Group Company Profile
Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.