Triumph Group, Inc. (NYSE:TGI) – Investment analysts at SunTrust Banks reduced their FY2018 earnings per share estimates for Triumph Group in a report released on Wednesday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $2.44 per share for the year, down from their previous estimate of $2.47. SunTrust Banks currently has a “Hold” rating and a $28.00 target price on the stock.
TGI has been the topic of several other research reports. Jefferies Group LLC downgraded Triumph Group from a “buy” rating to a “hold” rating and set a $37.00 price objective on the stock. in a report on Monday, July 24th. ValuEngine upgraded Triumph Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price objective on shares of Triumph Group in a report on Friday, July 28th. TheStreet upgraded Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Finally, Credit Suisse Group cut their price objective on Triumph Group from $40.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Triumph Group presently has a consensus rating of “Hold” and a consensus target price of $30.00.
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Triumph Group (TGI) traded down 1.41% during trading on Thursday, reaching $31.50. 210,195 shares of the company’s stock traded hands. The stock’s market capitalization is $1.56 billion. The company has a 50-day moving average of $29.13 and a 200 day moving average of $28.52. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80.
Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.63). Triumph Group had a negative net margin of 1.89% and a positive return on equity of 28.96%. The business had revenue of $781.70 million for the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter last year, the business posted $1.04 earnings per share. The business’s revenue was down 12.5% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC increased its holdings in shares of Triumph Group by 56.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 1,363 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at about $149,000. Sei Investments Co. increased its holdings in shares of Triumph Group by 51.6% in the 2nd quarter. Sei Investments Co. now owns 5,279 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 1,796 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at about $171,000. Finally, FNY Managed Accounts LLC acquired a new position in shares of Triumph Group in the 1st quarter valued at about $154,000. Institutional investors own 99.75% of the company’s stock.
Triumph Group Company Profile
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