Triumph Group (TGI) Set to Announce Quarterly Earnings on Wednesday

Triumph Group (NYSE:TGI – Get Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 1st. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Triumph Group has set its FY 2023 guidance at $0.40-$0.60 EPS and its FY23 guidance at $0.40-0.60 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Triumph Group (NYSE:TGI – Get Rating) last announced its earnings results on Tuesday, November 8th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.11. Triumph Group had a negative return on equity of 6.67% and a net margin of 6.81%. The company had revenue of $307.60 million for the quarter, compared to analyst estimates of $297.57 million. During the same period in the prior year, the company posted $0.10 EPS. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. On average, analysts expect Triumph Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $10.64 on Wednesday. The business’s 50-day moving average is $10.76 and its 200 day moving average is $11.46. Triumph Group has a 1 year low of $7.84 and a 1 year high of $27.85. The firm has a market capitalization of $691.61 million, a P/E ratio of 7.49, a P/E/G ratio of 7.47 and a beta of 2.66.

Analyst Ratings Changes

Several brokerages recently issued reports on TGI. Robert W. Baird lowered Triumph Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $11.00 in a research report on Friday, January 6th. The Goldman Sachs Group cut their price objective on Triumph Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 18th. Wolfe Research initiated coverage on Triumph Group in a report on Monday, October 10th. They issued an “underperform” rating and a $9.00 price objective on the stock. Truist Financial cut their price objective on Triumph Group from $20.00 to $14.00 in a report on Wednesday, October 12th. Finally, StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a report on Friday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Triumph Group currently has an average rating of “Hold” and a consensus price target of $15.57.

Institutional Trading of Triumph Group

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its stake in shares of Triumph Group by 141.0% in the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock worth $73,000 after buying an additional 1,698 shares during the last quarter. UBS Group AG boosted its position in Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 1,698 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Triumph Group during the second quarter worth approximately $53,000. Raymond James Financial Services Advisors Inc. purchased a new position in Triumph Group during the first quarter worth approximately $202,000. Finally, Sawtooth Solutions LLC purchased a new position in Triumph Group during the first quarter worth approximately $238,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.

About Triumph Group

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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.