Triumph Group Inc (TGI) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $1.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $1.16. The company posted revenue of $893.30 million in the period, compared to analysts expectations of $897.17 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.
Many Wall Street Analysts have commented on Triumph Group Inc. Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .
Triumph Group Inc closed down -9.38 points or -23.86% at $29.93 with 55,78,801 shares getting traded on Thursday. Post opening the session at $35.67, the shares hit an intraday low of $29.1 and an intraday high of $36.36 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Feb 10, 2016, Adam Joseph Palmer (director) purchased 25,000 shares at $25.60 per share price. According to the SEC, on Feb 5, 2016, Richard C Ill (director) purchased 18,000 shares at $23.95 per share price. On Feb 4, 2016, Daniel J Crowley (CEO) purchased 250,000 shares at $25.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Triumph Group Inc. (Triumph) designs engineers manufactures repairs overhauls and distributes a portfolio of aerostructures aircraft components accessories subassemblies and systems. It serves the aviation industry including original equipment manufacturers (OEMs) of commercial regional business and military aircraft and aircraft components as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group engaged in the design manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group engaged in the design and engineering of mechanical electromechanical hydraulic and hydromechanical control systems and Triumph Aftermarket Services Group which performs maintenance repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.