FY2019 EPS Estimates for Triumph Group, Inc. Decreased by Jefferies Group (TGI)

Triumph Group, Inc. (NYSE:TGI) – Equities researchers at Jefferies Group lowered their FY2019 earnings estimates for Triumph Group in a research note issued to investors on Friday. Jefferies Group analyst S. Kahyaoglu now anticipates that the firm will earn $4.30 per share for the year, down from their previous forecast of $4.45. Jefferies Group currently has a “Buy” rating and a $44.00 target price on the stock.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.15. Triumph Group had a positive return on equity of 22.67% and a negative net margin of 27.13%. The company had revenue of $844.90 million for the quarter, compared to analyst estimates of $859.86 million. During the same quarter in the prior year, the firm posted $1.39 EPS. Triumph Group’s quarterly revenue was down 7.5% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This report was originally posted by sleekmoney and is owned by of sleekmoney. If you are accessing this report on another site, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this report can be read at http://sleekmoney.com/fy2019-eps-estimates-for-triumph-group-inc-decreased-by-jefferies-group-tgi/1658419.html.

Earnings History and Estimates for Triumph Group (NYSE:TGI)

Several other analysts also recently commented on TGI. Zacks Investment Research raised Triumph Group from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, October 25th. Vertical Research started coverage on Triumph Group in a research note on Friday, October 28th. They set a “sell” rating for the company. Vertical Group reissued a “sell” rating and set a $22.00 target price on shares of Triumph Group in a research note on Monday, October 31st. Deutsche Bank AG downgraded Triumph Group from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Tuesday, November 15th. Finally, RBC Capital Markets began coverage on Triumph Group in a research note on Wednesday, January 11th. They issued an “outperform” rating and a $35.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Triumph Group presently has an average rating of “Hold” and an average target price of $32.85.

Shares of Triumph Group (NYSE:TGI) opened at 28.20 on Monday. Triumph Group has a 12-month low of $22.40 and a 12-month high of $40.09. The company’s 50-day moving average price is $26.73 and its 200 day moving average price is $28.06. The stock’s market cap is $1.40 billion.

Institutional investors have recently bought and sold shares of the company. BKS Advisors LLC bought a new stake in shares of Triumph Group during the third quarter valued at $102,000. Sandy Spring Bank increased its stake in shares of Triumph Group by 3,233.3% in the third quarter. Sandy Spring Bank now owns 5,000 shares of the company’s stock valued at $139,000 after buying an additional 4,850 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Triumph Group during the second quarter valued at $203,000. Teacher Retirement System of Texas increased its stake in shares of Triumph Group by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,515 shares of the company’s stock valued at $231,000 after buying an additional 488 shares during the period. Finally, Wayne Hummer Investments L.L.C. bought a new stake in shares of Triumph Group during the third quarter valued at $201,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

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About Triumph Group

5 Day Chart for NYSE:TGI

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