Triumph (TGI) Stock Climbs on Q4 Revenue Beat
NEW YORK (TheStreet) -- Shares of Triumph Group (TGI) - Get Report are advancing by 5.62% to $36.49 on heavy trading volume Wednesday afternoon, following better-than-expected revenue for the 2016 fiscal fourth quarter.
Before the market open, the Berwyn, PA-based aircraft supplier reported revenue of $1.06 billion, above analysts' estimates of $1.04 billion.
But, adjusted earnings of $1.32 per diluted share missed Wall Street's forecasts for earnings of $1.48 per share.
"Triumph's full year and adjusted fourth quarter results reflect strong operating margins in the aerospace systems and aftermarket services segments as we reduce costs, integrate our supply chain and strengthen our customer relationships," President and CEO Daniel Crowley said in a statement.
For fiscal 2017, the company expects earnings per diluted share between $4.90 and $5.10 on revenue of $3.6 to $3.7 billion, below analysts' projections.
Analysts are looking for earnings of $5.44 per share on revenue of $3.87 billion.
Triumph designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
So far today, about 2.64 million of the company's shares were traded, well above its average volume of 574,364 shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.
However, the team also finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TGI
