On Jul 8, 2013, the shares of
Triumph Group Inc.
) hit a 52-week high of $82.06. Triumph Group registered positive
earnings surprises in the last four quarters, with an average
beat of 11.28%.
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The ongoing improvement in the commercial aviation market will
boost the company's future prospects. Recently, Triumph Group
received a $1.7 billion contract from Brazilian aircraft
), to provide aeronautical services.
Triumph Group also supplies aerospace structures to
The Boeing Company
) and Airbus. The shower of orders for these two companies at the
recently concluded Paris Air show could open up new opportunities
for Triumph Group. Europe's Airbus notched up orders for 466
planes worth $70 billion in sales at the show while Boeing inked
agreements for 442 planes worth $66 billion.
Triumph Group made two strategic acquisitions this year. Both
these acquisitions will complement the company's operations and
will be immediately accretive to its earnings.
Triumph Group projects ongoing earnings for fiscal 2014 in the
range of $6.30 to $6.40 per share, up from $6.21 per share earned
in fiscal 2013. The company expects total revenue in the range of
$3.8 billion to $4.0 billion.
We expect long-term earnings growth of 13.15% on the back of
sales growth of 36.49%. The Zacks Consensus Estimate for 2013 of
$6.37 is on the higher end of the guided range, reflecting an
estimated year-over-year growth of 2.56%.
The strong financial position of Triumph Group enables it to
reward its shareholders through dividend payments. In fiscal
2013, the company paid dividends worth $8 million to its
Triumph Group currently retains a Zacks Rank #3 (Hold). Meanwhile
) with a Zacks Rank #1 (Strong Buy) is worth considering.