Triumph (TGI) has been benefiting from acquisitions and internal manufacturing, and the recent Vought acquisition was highly accretive to earnings. The reported EPS of $1.33 surpassed the Zacks Consensus Estimate of $1.08. We also increase our EPS estimate for fiscal 2011 and 2012 after taking into account the synergy benefits to be accrued within a year.
Management too has raised their guidance to an EPS estimate of approximately $6.00. The acquisition is expected to add approximately $1.10 to the earnings estimate. Moreover, the company s focus on growing its core businesses along with its strict cost control strategy inspires us to upgrade our recommendation from Neutral to Outperform.
TRIUMPH GRP INC (TGI): Free Stock Analysis Report
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