Revenue Update on Triumph Group Inc(NYSE:TGI)

Triumph Group Inc(NYSE:TGI) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $893.25M. Analysts estimated a revenue of $896.80M. Earnings per share were $1.04. Analysts had estimated an EPS of $1.31.

In a different note, On Jun 13, 2016, Deutsche Bank said it Maintains its rating on Triumph Group Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Goldman Sachs said it Maintains its rating on Triumph Group Inc. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm.

Triumph Group Inc (TGI) shares turned negative on Thursdays trading session with the shares closing down -0.9 points or -2.99% at a volume of 10,18,477. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.27. The peak price level was also seen at $30.27 while the days lowest was $29.09. Finally the shares closed at $29.18. The 52-week high of the shares is $55.31 while the 52-week low is $22.94. According to the latest information available, the market cap of the company is $1,445 M.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Adam Joseph Palmer (director) purchased 25,000 shares at $25.60 per share price.Also, 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.

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