Triumph Group Inc. (TGI) Trading Up 2.9%
Shares of Triumph Group Inc. (NYSE:TGI) were up 2.9% on Friday . The stock traded as high as $33.75 and last traded at $33.09, with a volume of 203,661 shares changing hands. The stock had previously closed at $32.17.
Several analysts have weighed in on TGI shares. Jefferies Group cut their target price on Triumph Group from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Standpoint Research reaffirmed a “buy” rating on shares of Triumph Group in a research note on Wednesday, July 27th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $44.00 target price on shares of Triumph Group in a research note on Friday, July 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 target price (up previously from $40.00) on shares of Triumph Group in a research note on Monday, June 13th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Triumph Group in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.92.
The firm’s 50-day moving average price is $33.10 and its 200 day moving average price is $34.03. The firm’s market cap is $1.65 billion.
Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.94 by $0.10. The business earned $893.30 million during the quarter, compared to analyst estimates of $896.80 million. During the same period in the previous year, the firm earned $1.31 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Triumph Group Inc. will post $3.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Tuesday, August 30th.
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.
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